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A market has the following limit order book for a stock: Bid Size Limit Price Offer Size 400 shares $51.2 1,200 45.1 400 50.6 500

A market has the following limit order book for a stock:

Bid Size Limit Price Offer Size
400 shares $51.2
1,200 45.1
400 50.6
500 61.2
73.8 100 shares
78.2 200
82.5 800

A trader has just placed a new limit sell order at $50 of 1,000 shares. When and if this order is executed-what is the average price received for the shares sold? (Round to nears 1 decimal place)

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