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

Bid		Ask
Price	Size	Price	Size
103	100	103.5	200
102.5	200	103.8	200
101	400	104	300
99.8	300	104.5	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? (Round your answer to 2 decimal places.)

c. Carlos Ramirez submits a limit bid order at 105. Will it execute immediately?

• Yes

• No