You find the following order book on a particular stock. The last trade on the stock was at $70.54.

a) It you place a market buy order for 100 shares, at what price will it be filled?

b) If you place a market sell order for 200 shares, at what price will it be filled?

c) Suppose you place a market order to sell 500 shares. At what price will it be filled?

Buy Orders Sell Orders Shares Price Shares Price 250 $70.53 100 70.52 900 70.51 75 70.49 100 $70.56 400 70.57 1,000 70.59 700 70.60 900 70.61