## (Solution Download) The following order book exists for a particular stock. The last trade on the stock was at \$27.09. B

 The following order book exists for a particular stock. The last trade on the stock was at \$27.09.

 Buy Orders Sell Orders Shares Price Shares Price 250 \$27.08 250 \$ 27.11 200 27.07 500 27.12 900 27.06 1,000 27.14 125 27.04 800 27.15 700 27.16

 a. If you place a market buy order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "\$" sign in your response.)

 Share price \$

 b. If you place a market sell order for 200 shares, at what price will it be filled? (Round your answer to 2 decimal places. Omit the "\$" sign in your response.)

 Share price \$

c.Suppose you place a market order

to buy 500 shares. At what price will it be filled? Choose the

 500 shares at \$27.16 250 shares at \$27.16 and 250 shares at \$27.15 250 shares at \$27.11 and 250 shares at \$27.12 500 shares at \$27.09

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