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6. (12 pts) Consider the following limit order book for a share of stock. a) What is the current inside bid-ask spread? (no explanatory is
6. (12 pts) Consider the following limit order book for a share of stock. a) What is the current inside bid-ask spread? (no explanatory is needed) b) If a market buy order for 100 shares comes in, at what price will be filled? (no explanatory is needed) c) Suppose you submit a limit order to buy at $50, will your order be executed? How does your order impact the bid-ask spread? (no more than 20 words) Limit Buy Orders Limit Sell Orders Price Shares Price Shares 500 100 100 $49.75 49.50 49.25 49.00 48.50 $50.25 51.50 54.75 58.25 500 300 100 200
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