8.

Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Price Shares $49.75 500 49.70 900 49.65 700 49.60 400 48.65 600 Limit Sell Orders Price Shares $49.80 100 49.85 100 49.90 300 49.95 100 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 next market buy order be filled? (Round your answer to 2 decimal places.) Next best price |