The following order book exists for a particular stock. The last trade on the stock was at $27.09.

Buy Orders				Sell Orders
Shares		Price		Shares		Price
250		$27.08		250	$	27.11
200		27.07		500		27.12
900		27.06		1,000		27.14
125		27.04		800		27.15
				700		27.16

a.	If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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. Omit the "$" sign in your response.)

Share price

$

c.

Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer.

	500 shares at $27.16
	250 shares at $27.16 and 250 shares at $27.15
	250 shares at $27.11 and 250 shares at $27.12
	500 shares at $27.09