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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 $52. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $ 51.75 500 $ 52.25 100.00 51.50 300 52.50 100.00 51.25 500 55.75 300.00 51.00 200 59.25 100.00 50.50 600 a. If a market buy order for 100 shares comes in, at what price will it be filled?

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Answer:

$52.25

Explanation:

From the question given, thus saying if a market buy order for 100 shares comes in, at what price will it be filled.

(a) The price it will be filled is at  $52.25

The Reason is that,the buy-market order will be filled at the price $52.25, the best value price of the sell limit orders in the book.

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