Question: Problem 7-3 Stock Quotes (LO1) Here is a small part of the order book for Mesquite Foods: $ $ $ $ Bid Price 99 98.5

Problem 7-3 Stock Quotes (LO1) Here is a small part of

Problem 7-3 Stock Quotes (LO1) Here is a small part of the order book for Mesquite Foods: $ $ $ $ Bid Price 99 98.5 97 95.8 Size 200 400 800 600 $ $ $ $ Ask Price 99.5 99.8 100 100.5 Size 499 400 790 700 a. Georgina Sloberg submits a market order to sell 200 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 800 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 101. Will it execute immediately? Yes O No

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