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3. Consider the following limit order book for XYZ stock. Bid Asked Price Shares Price Shares $ 89.75 700 $89.80 125 89.70 1,000 89.85

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3. Consider the following limit order book for XYZ stock. Bid Asked Price Shares Price Shares $ 89.75 700 $89.80 125 89.70 1,000 89.85 125 89.65 700 89.90 350 89.60 200 89.95 125 88.65 800 Round your answers to 2 decimal places. a. What is the inside spread? b. If a market buy order for 125 shares comes in, at what price will it be filled? c. At what price would the following market buy order be filled? d. If you placed a limit order to sell at $89.90, what will happen? e. If you placed a limit order to buy at $89.75, what will happen?

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