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The following order book exists for a particular stock. The last trade on the stock was at $41.74. Buy Orders Sell Orders Shares Price Shares

The following order book exists for a particular stock. The last trade on the stock was at $41.74.

Buy Orders Sell Orders
Shares Price Shares Price
250 $ 41.73 250 $ 41.78
200 41.72 800 41.79
900 41.71 1,000 41.81
175 41.68 600 41.82
350 41.83

a. If you place a market buy order for 220 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.)

Shares Price $

b. If you place a market sell order for 175 shares, at what price will it be filled? (Omit the "$" sign in your response. Round your answer to 2 decimal places.)

Shares Price $

c. Suppose you place a market order to buy 350 shares. At what price will it be filled? Choose the appropriate answer.
250 shares at $41.78 and 100 shares at $41.79
200 shares at $41.83 and 100 shares at $41.82
250 shares at $41.74
250 shares at $41.83

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