Say the limit order book for a stock currently looks like this:

Problem 4: Executing orders Say the limit order book for a stock currently looks like this: Offers Price Quantity $5.57 100 $5.58 250 $5.62 1,500 Bids Price Quantity $5.49 250 $5.487 50 $5.44 3,750 (a) If you submitted a market buy order for 1,500 shares, what is the average price you'd pay? (Average price equals total cost divided by shares purchased). Average price: (b) What would the limit order book look like after submitting this market buy order, assuming no other orders were submitted? Price Offers Quantity Price Bids Quantity (c) If you instead submitted this 1,500 share buy order to a dark pool that transacted at the midpoint of the (current) bid-ask spread, and your full order was filled, what dollar amount would you save by buying in the dark pool? Dollar savings: (d) If, including your 1,500 share order, the dark pool received buy orders for 25,000 shares and sell orders for 20,000 shares, how many shares in your order will be filled? Shares purchased