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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $105 Limit Buy
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $105 Limit Buy Orders Limit Sell Orders Price Shares 400 700 400 200 500 Price Shares 150 150 300 150 $104.75 $105.25 104.50 104.25 104.00 103.50 106.50 09.75 113.25 a. If a market buy order for 150 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 c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? O Increase Decrease
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