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Consider the following limit order book for FinTrade stock. The last trade in the stock occurred at a price of $ 5 0 . Limit

Consider the following limit order book for FinTrade stock. The last trade in the stock
occurred at a price of $50.
Limit Buy Orders Limit Sell Orders
Price Shares Price Shares
$49.75500 $49.80100
49.7090049.85100
49.6570049.90300
49.6040049.95100
48.65600
a. If a market buy order for 100 shares comes in, at what price will it be filled?
b. At what price would the next market buy order be filled?
c. If you were a security dealer, would you want to increase or decrease your inventory
of this stock?

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