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?
Select one answer and give reasons for each:
a) After the initial limit buy order, there will be 150 shares at $16.59 on the bid side of the order book.
b) The subsequent limit sell order will be filled with 400 shares at $16.56 and 200 shares at $16.55.
c) After the two trades, the first buyer will have bought 500 shares at $16.59 and the remaining 150 shares at $16.55.
