单选题

A market has the following limit orders standing on its book for a articular stock:

【正确答案】 A
【答案解析】

The limit buy order will be filled first with the most aggressively priced limit sell order and will be followed by filling with the higher priced limit sell orders that are needed up to and including the limit buy price until the order is filled.
Average price = [(200 × $20.20) + (300 × $20.35) + (200 × $20.50)]/700 = $20.35.