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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 $62. Limit Buy Orders

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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 $62. Limit Buy Orders Price Shares $ 61.75 500 61.50 800 61.25 61.00 300 60.50 600 Limit Sell Orders Price Shares $ 62.25 100.00 62.50 100.00 65.75 300.00 69.25 100.00 500 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.) Price b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places.) Price c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? O Increase O Decrease

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