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4 Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $150. Limit Buy Orders
4 Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $150. Limit Buy Orders Limit Sell Orders: Shares Shares Price $149.75 Price: $149.80 500 100 149.70 800 149.85 100 149.65 500 149.90 100 149.60 200 149.95 100 148.65 600 Required: a. If a market buy order for 100 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) Best price b. At what price would the following market buy order be filled? (Round your answer to 2 decimal places.) Next best price c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase Decrease
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