Part A:

You find the following order book on a particular stock. The last trade on the stock was at $42.34.

Buy Orders				Sell Orders
Shares		Price		Shares		Price
250		$42.33		100		$42.36
400		42.32		350		42.37
900		42.31		1,000		42.39
225		42.29		200		42.40
				300		42.41

a. If you place a market buy order for 100 shares, at what price will it be filled? (Round your answer to 2 decimal places.)

SHARE PRICE:

b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)

SHARE PRICE:

PART 2:

Assume the following information concerning two stocks that make up an index. What is the price-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

					Price per Share
	Shares Outstanding				Beginning of Year				End of Year
Kirk, Inc.		33,000			$	45			$	50
Picard Co.		31,500				75				81
RETURN: