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You find the following order book on a particular stock. The last trade on the stock was at $66.76. Buy Orders Sell Orders Shares Price

You find the following order book on a particular stock. The last trade on the stock was at $66.76.

Buy Orders Sell Orders
Shares Price Shares Price
250 $66.75 250 $66.78
500 66.74 650 66.79
900 66.73 1,000 66.81
275 66.71 300 66.82
100 66.83

a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places.)

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.)

Share price

c. Suppose you place a market order to buy 500 shares. At what price will it be filled? Choose the appropriate answer.

  • 500 shares at $66.76

  • 250 shares at $66.78 and 250 shares at $66.79

  • 500 shares at $66.83

  • 250 shares at $66.83 and 250 shares at $66.82

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