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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 $130. Limit Buy
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $130. Limit Buy Orders Price Shares $129.75 400 129.70 700 129.65 400 129.60 200 128.65 500 Limit Sell Orders Price Shares $129.80 150 129.85 150 129.90 300 129.95 150 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
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