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Use the limit-order book and the schedule of market orders below to determine the total price at which market order #4 will be executed. Limit-Buy

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Use the limit-order book and the schedule of market orders below to determine the total price at which market order #4 will be executed. Limit-Buy Orders Limit-Sell Orders Price Shares Price Shares $47.25 500 $48.50 300 $48.00 $48.25 100 $47.50 200 $49.00 500 200 Order # Market Orders Time Type 9:32 AM Buy 9:37 AM Sell 9:40 AM Sell 9:41 AM Buy 2 3 4 $9,675 | # Shares 200 100 300 400 $18,900 $19,100 $19,500 $19,550

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