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Consider the following limit order book for a share of stock. Limit Buy Orders Limit Sell...

Consider the following limit order book for a share of stock.

Limit Buy Orders Limit Sell Orders
Price Shares Price Shares
$49.75 500 $49.80 100
49.70 900 49.85 100
49.65 700 49.90 300
49.60 400 49.95 100
48.65 600


a. If a market buy order for 300 shares comes in, at what price(s) will it be filled?

Fill in execution prices from low to high (may not use all boxes)

b. Immediately after the order in a) is executed, what is the bid-ask spread of the stock? (Keep two decimal places.)

Bid ask spread?

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