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

a. If 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 100 shares, at what price will it be filled?
c. Suppose you place a market order to buy 400 shares. At what price will it befilled?

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