The following order book exists for a particular stock. The last trade on the stock was at $32.09.

Buy Orders				Sell Orders
Shares		Price		Shares		Price
250		$32.08		100	$	32.11
100		32.07		600		32.12
900		32.06		1,000		32.14
125		32.04		500		32.15
				550		32.16

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 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 350 shares. At what price will it be filled? Choose the appropriate answer.

	350 shares at $32.16
	100 shares at $32.11 and 250 shares at $32.12
	100 shares at $32.16 and 250 shares at $32.15
	350 shares at $32.09