A limit order book (in € per share) displays the following bid and ask prices:
Bids: 47.70, 47.85
Asks: 48.00, 48.20
A sell order is considered behind the market when placed at a price of: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
Explanation:
Explanation:
Option A (€47.70): Incorrect because a sell order at €47.70 would represent the best offer (ask) in the market, not behind the market.
Option B (€48.00): Incorrect because a sell order at €48.00 would be the best offer (ask) in the market, not behind the market.
Option C (€48.20): Correct because a sell order placed above the best offer (ask) is considered behind the market. Since the best ask is €48.00, any sell order higher than this (e.g., €48.20) is behind the market.
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A limit order book (in € per share) displays the following bid and ask prices:
Bids: 47.70, 47.85
Asks: 48.00, 48.20
A sell order is considered behind the market when placed at a price of:
