Why

C. market order D, stop-loss order Difficulty: Medium 48. Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled? Limit Buy Orders Limit Sell Orders Price Shares $40.25 100 S40.50 100 Price Shares $39.75 100 $39.50 100 A. $39.75 B. $40.25 C. $40.375 D, $40.25 or less In this c limit sell order ($40.25) or set an ask price lower than $40.25 (S40 for example) and trade the order from his own stock ase the specialist would have the option of matching the buy order with the lowest