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Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of 27.70. Assume this represents the

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Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of 27.70. Assume this represents the entire available market for this security. Specialists (market makers) willing to buy at the BID or SELL at the asking prices, respectively: BID SHARES ASK SHARES 27.67 1000 27.73 2000 27.64 1000 27.76 2000 27.58 2000 27.82 3500 27.52 1000 27.88 4000 27.41 1500 27.99 5000 You place a market SELL order and are filled for 1000 shares. Assuming no additional changes to the shares at the bid/ask, at what price would you be filled for another market SELL order for 1000 shares? O27.64 27.58 O 27.73 27.67 O 27.99

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