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You find the following order book on a particular stock. The last trade on the stock was at $71.54. Buy order (bid) Shares price 50

  1. You find the following order book on a particular stock. The last trade on the stock was at $71.54.

Buy order (bid)

Shares price
50 71.53
100 71.03
100 70.51
500 70.49

Sell order (ask)

Shares Price
125 71.56
200 71.62
100 71.65
700 71.78
900 71.95

a. It you place a market buy order for 200 shares, at what price(s) will it be filled?

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

c. If you place a market buy order for 500 shares. At what price(s) will it be filled?

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