On the NYSE, limit order prices receive preference in establishing the posted bid and ask prices if they are more favorable than the specialist's. Therefore
A) a specialist must fill a limit order, if possible, from his own account before trading the flow of public orders.
B) specialists must fill a limit order, if possible, from the flow of public orders before trading for his own account.
C) a specialist must change his posted bid and ask prices to reflect the available limit orders.
Correct Answer:
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