The following order book exists for a particular stock. The last trade on the stock was at $38.97.

Buy Orders				Sell Orders
Shares		Price		Shares		Price
250		$38.96		100	$	38.99
400		38.95		750		39.00
900		38.94		1,000		39.02
275		38.92		800		39.03
				350		39.04

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

a.

	600 shares at $39.04
b.	100 shares at $39.04 and 500 shares at $39.03
c.	100 shares at $38.99 and 500 shares at $39
d.	600 shares at $38.97