Usethe following information about the specialist's limit-order book for questions 3-5; the current bid/ask spread is $28.87 / 29.12.

Limit -Buy OrdersLimit-Sell Orders

Price#sharesPrice#shares

$28.7590029.25100

28.6270029.37100

28.5080029.50100

29.75100

30.12100

1. If a market buy order for 100 shares comes in, it will be filled at ______ .

$28.87

$29.12

$29.25

$29.00

2)If a market buy order for 300 shares comes in, subsequent to the buy order in the question above, and the specialist sells only 100 shares, the third round lot will be filled at ______ .

$29.12

$29.75

$29.25

$29.37

3)Given the specialist's book and assuming random order-flow, if the price of this stock moves rapidly, it is likely to _____________ and thus the specialist wants to ____________ inventory in the stock.

decrease, increase

increase, increase

decrease, decrease

increase, decrease