Question: .7. Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. (LO

.7. Consider the following limit order book for a share of

.7. Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. (LO 3-3) page 81 Limit Sell Orders Price Shares Limit Buy Orders Price Shares $49.75 500 49.70 900 $49.80 100 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. If a market buy order for 100 shares comes in, at what price will it be filled? b. At what price would the following market buy order be filled? c. If you were a security dealer, would you want to increase or decrease your inventory of this stock

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