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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 $83. Limit Buy Orders

Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $83.

Limit Buy Orders Limit Sell Orders
Price Shares Price Shares
$ 82.75 500 $ 83.25 100.00
82.50 600 83.50 200.00
82.25 500 86.75 300.00
82.00 300 90.25 100.00
81.50 700

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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