Question: Problem 8 (8 points) Say the lit order book for a stock currently looks like this: Offers Bids Price Quantity Price Quantity $5.57 1000$5.52 550

Problem 8 (8 points) Say the lit order book for a

Problem 8 (8 points) Say the lit order book for a stock currently looks like this: Offers Bids Price Quantity Price Quantity $5.57 1000$5.52 550 $5.58 250S5.49 750 5.62 1,500 S5.47 ,750 (a) If you submitted a t buy order for 2,000 shares at $5.58, what is the average price you'd pay? (Give your answer to 3 decimal places). Average price: (b) What would the limit order book look like after submitting this limit buy order, assuming no other orders were submitted? Offers ids Price Quantity Price Quantity

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