Question: Problem 7-3 Stock Quotes (L01) Here is a small part of the order book for Mesquite Foods: $ $ $ $ Bid Price 98 97.5

Problem 7-3 Stock Quotes (L01) Here is a small part of

Problem 7-3 Stock Quotes (L01) Here is a small part of the order book for Mesquite Foods: $ $ $ $ Bid Price 98 97.5 96 94.8 Size 190 380 760 570 $ $ $ $ Ask Price 98.5 98.8 99 99.5 Size 380 380 660 670 a. Georgina Sloberg submits a market order to sell 190 shares. What price will she receive? Answer is complete and correct. $ 98 Price b. Norman Pilbarra submits a market order to buy 760 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum price c. Carlos Ramirez submits a limit bid order at 100. Will it execute immediately? Yes No

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