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Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $ 8 0 .
Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $
tableLimit Buy Orders,Limit Sell OrdersPriceShares,Price,Shares$$Tis,
Required:
a If a market buy order for shares comes in; at what price will it be filled? Round your answer to decimal places.
Best price
b At what price would the following market buy order be filled? Round your answer to 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
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