At what price will it be filled

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Reference no: EM13289942

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

Answer

$39.75

$40.25

$40.375

$40.25 or less

Reference no: EM13289942

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