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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 $50. Limit Buy

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
$49.65 600 $

If a market sell order for 1,000 shares comes in, what is the average selling price?

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