Use the following information for the next 3 questions, 3-5; the current bid/ask spread is $28.87 /29.12.

Limit -Buy Orders Limit-Sell Orders Price #shares Price #shares $28.75 900 29.25 100 28.62 700 29.37 100 28.50 800 29.50 100 29.75 100 30.12 100

3. If a market buy order for 100 shares comes in, it will be filled at ______ . a. $29.25 b. 29.12 c. 28.87 d. 29.004. If a market buy order for 300 shares comes in, and the specialist buys only 100 shares, the third roundlot may be filled at ______ . a. $29.12 b. 29.25 c. 29.37 d. 28.75 5. Given the specialists book and assuming random order-flow, if the price of this stock moves rapidly,it is likely to _____________. a. increase b. decrease c. fall below $28.50 d. not change