The limit order book for a security is as follows The specialist receives the following, in order Market order to sell 300 shares Limit order to buy 100 shares at 25 38 Limit order to buy 500 shares at 25 30 How, if at all, are these orders filled What does the limit order book look like after these orders Amazon com issued an initial public offering in May 1997 Prior to its IPO, the following information on shares outstanding was listed in the final prospectus In the IPO, the firm issued 3,000,000 new shares The initial price was $18 00 share with investment bankers retaining $1 26 as fees The final first day closing price was$23 50 Unfilled Limit Orders Buy Orders 25 12 25 20 25 23 100 500 200 Sell Orders 25 36 25 38 25 41 300 200 200 Percentage of Shares Outstanding After Number of Shares Beneficially Owned 9,885,000 Prior to Offering 7,5 Name and Address Offering Jeffrey P Bezos 41 4 c o Amazon com, Inc 1518 Second Avenue, 4th Floor Seattle, WA 98101 L John Doerr 3,401,376 16 4 14 3 Kleiner Perkins Caufield Byers 4 Embarcadero Center, Suite 3520 San Francisco, CA 94111 Tom A Alberg Scott D Cook Patricia Q Stonesifer All directors and executive officers as a group (14 persons) Total shares outstanding 195,000 75,000 75,000 15,688,925 20,858,702 72 5 100 0 83 5

Question

The limit order book for a security is as follows  The specialist receives the following, in order   Market order to sell 300 shares  Limit order to buy 100 shares at 25 38  Limit order to buy 500 shares at 25 30 How, if at all, are these orders filled  What does the limit order book look like after these orders  Amazon com issued an initial public offering in May 1997  Prior to its IPO, the following information on shares outstanding was listed in the final prospectus  In the IPO, the firm issued 3,000,000 new shares  The initial price was $18 00 share with investment bankers retaining $1 26 as fees  The final first day closing price was$23 50  Unfilled Limit Orders Buy Orders 25 12 25 20 25 23 100 500 200 Sell Orders 25 36 25 38 25 41 300 200 200 Percentage of Shares Outstanding After Number of Shares Beneficially Owned 9,885,000 Prior to Offering 7,5  Name and Address Offering Jeffrey P  Bezos 41 4  c o Amazon com, Inc  1518 Second Avenue, 4th Floor Seattle, WA 98101 L  John Doerr 3,401,376 16 4 14 3 Kleiner Perkins Caufield   Byers 4 Embarcadero Center, Suite 3520 San Francisco, CA 94111 Tom A  Alberg Scott D  Cook Patricia Q  Stonesifer All directors and executive officers as a group (14 persons) Total shares outstanding 195,000 75,000 75,000 15,688,925 20,858,702 72 5 100 0 83 5

SolutionInn · Accepted Answer

a Is fulfilled with 200 shares 2523 and 100 shares 2520 b ...

Question: The limit order book for a security is as follows: The specialist receives the following, in order: Market order to sell 300 shares

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