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The following is an order book for News Corp shares. Consider the case where there...

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Finance

The following is an order book for News Corp shares. Consider the case where there is a limit buy order for 650 shares at $16.59, followed by a limit sell order for 600 shares at $16.55. Based on this information, which of the following statements is correct?

image

Select one answer and give reasons for each:

  1. a) After the initial limit buy order, there will be 150 shares at $16.59 on the bid side of the order book.

  2. b) The subsequent limit sell order will be filled with 400 shares at $16.56 and 200 shares at $16.55.

  3. c) After the two trades, the first buyer will have bought 500 shares at $16.59 and the remaining 150 shares at $16.55.

  4. d) The last traded price would be $16.56.

Bid Ask PRICE (S) SIZE PRICE ($) SIZE 16.56 400 16.59 500 16.55 400 16.60 700 16.54 400 16.61 800 16.53 600 16.62 500 16.52 200 16.63 500

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