Limit-order book for share of stock

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Consider the following limit-order book for a share of stock. The last trade in the stock occurred at a price of $55. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 54.75 500 $ 55.25 200 54.50 400 55.50 200 54.25 500 58.75 300 54.00 200 62.25 100 53.50 800 a. If a market buy order for 200 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $ b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $ c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase Decrease

Reference no: EM13875205

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