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Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size 104.7 100 105.2 200 104.2 200 105.5

Here is a small part of the order book for Mesquite Foods:

Bid Ask
Price Size Price Size
104.7 100 105.2 200
104.2 200 105.5 200
102.7 400 105.7 300
101.5 300 106.2 400

a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? b. Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?

c. Carlos Ramirez submits a limit bid order at 106.7. Will it execute immediately?

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