Question: Answer the following questions based on the limit order book for a stock. The last trade was at 50.01 Bid Price 50.00 49.99 49.98 49.97

Answer the following questions based on the limit order book for a stock. The last trade was at 50.01 Bid Price 50.00 49.99 49.98 49.97 49.96 Size 200 400 600 800 400 Ask Price 50.02 50.03 50.04 50.05 50.06 Size 300 500 600 700 300 a. If you placed a market order to sell 1,000 shares, how much would you pay for the 1,000 shares? b. If you already owned 500 shares of the stock, what order would you place to sell the 500 shares at a price of $50.10 or higher? Is your trade guaranteed to go through? c. What would happen if you placed a limit buy order for 800 shares at $50.03
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