Consider the Following Limit Order Book of a Specialist

question 13

Multiple Choice

Consider the following limit order book of a specialist. The last trade in the share occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled?

• A)$39.75
• B)$40.25
• C)$40.375
• D)$40.25 or less

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Definitions:

Sensory Input

Information that is perceived by the senses and sent to the brain and central nervous system for processing.

Pineal Gland

A small endocrine gland in the brain that produces the hormone melatonin, regulating sleep patterns.

Hypothalamus

A region of the brain responsible for controlling many autonomic functions such as temperature regulation, hunger, and thirst, as well as linking the nervous and endocrine systems.

Mammillary Bodies

Small rounded bodies at the base of the brain, part of the limbic system, involved in memory formation and recollection.