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Consider the following limit-order book for FekTrade stock. The last trade in the stock occurred at a price of $52. If a market buy order

Consider the following limit-order book for FekTrade stock. The last trade in the stock occurred at a price of $52. If a market buy order for 300 shares comes in, at what average price will it be filled?

Limit Buy Orders Limit Sell Orders

Price Shares Price Shares

$51.75 500 $52.25 100

$51.50 300 $52.50 100

$51.25 500 $55.75 300

$51.00 200 $59.25 100

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