Question: The limit order book below records the limit orders placed by dealers for shares of Dingle,Inc. At what price(s), a market buy order of 500

The limit order book below records the limit orders placed by dealers for shares of Dingle,Inc.

The limit order book below records the limit orders placed by dealers

At what price(s), a market buy order of 500 shares will be executed?

a. 315 shares at $4.20 and 185 shares at $4.22.

b. 344 shares at $4.15 and 156shares at $4.12.

c. 500 shares at $4.20.

d. 500 shares at $4.15.

$4.15 $4.12 $4.10 $4.05 $4.00 Limit Order Book Bid Ask 344 $4. 20 644 $4. 22 725 $4.23 1, 300 $4. 26 2, 400 $4.30 315 223 247 1,001 1, 200

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