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Consider the given order book, and determine the following: Bid Quantity 150 225 580 654 350 335 1500 1548 2500 3000 Bid Price $100.00

Consider the given order book, and determine the following: Bid Quantity 150 225 580 654 350 335 1500 1548 2500 3000 Bid Price $100.00 $99.80 $99.50 $99.10 $99.00 $98.48 $98.43 $97.10 $96.35 $95.19 Ask Price $107.12 $106.56 $105.15 $105.10 $105.00 $103.95 $103.84 $102.39 $101.50 $100.90 Ask Quantity 2550 255 178 425 500 200 225 125 55 a) The price of a market order to buy 50 shares (1 mark). b) The price of a market order to sell 200 shares (2 mark) c) The effective bid-ask spread as the last order is executed (2 marks).

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