Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Price $ 49.75 49.70 49.65 49.60 48.65 Best price Shares 500 900 700 400 600 Required: 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.) Next best price Limit Sell Orders Price $ 49.80 49.85 49.90 49.95 Shares 100 100 300 100 b. At what price would the following market buy order be filled? (Round your answer to 2 decimal places.) O Increase O Decrease c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? A

Consider the following limit order book for Fintrade stock. The last trade in the stock occurred at a price of $50. Required: o. 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 following market buy order be filled? (Round your answer to 2 decimal places.) c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? increase Decrease