Consider the following limit order book of a specialist. The last trade in the stock...
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Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of 27.70. Assume this represents the entire available market for this security. Specialists (market makers) willing to buy at the BID or SELL at the asking prices, respectively: You place a market SELL order and are filled for 1000 shares. Assuming no additional changes to the shares at the bid/ask, at what price would you be filled for another market SELL order for 1000 shares? 27.67 27.99 27.73 27.58 27.64
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