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The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares Price Shares

The following order book exists for a particular stock. The last trade on the stock was at $58.34.

Buy Orders Sell Orders
Shares Price Shares Price
250 $58.33 250 $ 58.36
200 58.32 800 58.37
900 58.31 1,000 58.39
175 58.29 600 58.40
350 58.41
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 $

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