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The following order book exists for a particular stock. The last trade on the stock was at $67.36. Buy Orders Sell Orders Shares Price Shares

The following order book exists for a particular stock. The last trade on the stock was at $67.36.

Buy Orders Sell Orders
Shares Price Shares Price
250 $67.35 100 $ 67.38
550 67.34 750 67.39
900 67.33 1,000 67.41
300 67.31 350 67.42
850 67.43

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

Share price $

b.

If you place a market sell order for 100 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 300 shares. At what price will it be filled? Choose the appropriate answer.
300 shares at $67.36
100 shares at $67.43 and 200 shares at $67.42
300 shares at $67.43
100 shares at $67.38 and 200 shares at $67.39

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