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7. (12 pts) Here is some price information on Facebook stock. Suppose that Facebook trades in a dealer market. Bid 55.25 Ask 55.50 a) Suppose

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7. (12 pts) Here is some price information on Facebook stock. Suppose that Facebook trades in a dealer market. Bid 55.25 Ask 55.50 a) Suppose you have submitted a market buy order to your broker. At what price will your trade be executed? (no explanatory is needed) b) Suppose you have submitted a market sell order to your broker. At what price will your trade be executed? (no explanatory is needed) Suppose you have submitted a limited order to sell $55.62. What will happen? (no more than 20 words)

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