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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 $75. Limit Buy

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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 $75. Limit Buy Orders Limit Sell Orders Price $74.75 74.50 74.25 Shares 500 800 500 200 Price Shares 100 $75.25 76.50 100 250 79.75 83.25 74.00 73.50 100 600 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 S c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase Decrease References eBook & Resources Worksheet Leaming Objective: 03-03 Describe trading practices in dealer markets, specialist- directed stock exchanges, and electronic communication networks

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