Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $55.

Limit Buy Orders			Limit Sell Orders
Price	Shares		Price	Shares
$54.75	400		$55.25	150
54.50	700		56.50	150
54.25	400		59.75	300
54.00	200		63.25	150
53.50	500

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?

	Increase
	Decrease