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Please answer accurately and I will give a good review. Also please show your work and identify the answer clearly so I may use this for study purposes
Problem 3-8 Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $86 Limit Buy Orders aes 300 Limit Sell Orders Price Shares Price Shares 85.75 500 86.25 200.0 85.50 85.25 85.00 84.50 1,000 600 500 300 86.50 300.00 00 89.75 300.00 93.25 100.00 a. If a market buy order for 200 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) Price b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places) Price c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase DecreaseStep by Step Solution
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