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 Limit Sell Orders

Price Shares Price Shares

$49.75 500 $49.80 100

49.70 900 49.85 100

49.65 700 49.90 300

49.60 400 49.95 100

48.65 600

a) 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.)

b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places.)

please give formulas :)

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 549.75 500 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 49.95 200 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.) Answer is complete and correct. $ 49 80 Best price