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Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size 108 280 108.5 560 107.5 560 108.8

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

Bid Ask
Price Size Price Size
108 280 108.5 560
107.5 560 108.8 560
106 1,120 109 1,020
104.8 840 109.5 940

a. Georgina Sloberg submits a market order to sell 280 shares. What price will she receive?

b. Norman Pilbarra submits a market order to buy 940 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 110. Will it execute immediately?

Yes

No

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