1) You find the following order book on a particular stock. The last trade on the stock was at $70.54.

a. It you place a market buy order for 150 shares, at what price(s) will it be filled?

b. If you place a market sell order for 200 shares, at what price(s) will it be filled?

c. If you place a market sell order for 300 shares. At what price(s) will it be filled?

Buy Orders Sell Orders Shares Price Shares Price 225 175 900 70.53 70.52 70.51 70.49 100 400 1,000 700 900 70.56 70.57 70.59 70.60 70.64 75