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  3. consider the following limit order book for a shar

Consider the following limit order book for a share of stock. The last trade in...

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Finance

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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $110. Limit Buy Orders Price Shares $109.75 600 109.70 900 109.65 600 109.60 200 108.65 700 Limit Sell Orders Price Shares $109.80 200 109.85 200 109.90 400 200 109.95 a. If a market buy order for 200 shares comes in, at what price will it be filled? (Round your answer to 2 decimal places.) Best price b. At what price would the next market buy order be filled? (Round your answer to 2 decimal places.) Next best price c. If you were a security dealer, would you want to increase or decrease your inventory of this stock? Increase Decrease

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