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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 $52 Limit

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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 $52 Limit Buy Orders Price Shares $ 51.75 500 51.50 300 51.25 500 51.00 200 50.50 600 Limit Sell Orders Price Shares $ 52.25 100.00 52.50 100.00 55.75 300.00 59.25 100.00 a. If a market buy order for 100 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 O Decrease

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