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Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $55. Limit Buy Orders Limit
Consider the following limit-order book for FinTrade stock. The last trade in the stock occurred at a price of $55. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 54.75 500 $ 55.25 200 54.50 400 55.50 200 54.25 500 58.75 300 54.00 200 62.25 100 53.50 800 Required: a. If a market buy order for 200 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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