9

Consider the following limit order book of a /pe. The last trade in the stock occurred at a price of 61.40. Assume this represents the entire available market for this security. Specialists (market makers) willing to buy at the BID or SELL at the asking prices, respectively: You place a market SELL order and are filled for 500 shares. Assuming no additional changes to the shares at the bid/ask, at what price would you be filled for another market SELL order for 1000 shares? 61.16 62.01 61.34 61.46 61.28