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Here is a small part of the order book for Mesquite Foods:
Bid | Ask |
Price | Size | Price | Size |
$ 97 | 180 | $ 97.50 | 360 |
$ 96.50 | 360 | $ 97.80 | 360 |
$ 95 | 720 | $ 98 | 620 |
$ 93.80 | 540 | $ 98.50 | 640 |
a. Georgina Sloberg submits a market order to sell 180 shares. What price will she receive?
97$
b. Norman Pilbarra submits a market order to buy 720 shares. What is the maximum price that he will pay?
Note: Round your answer to 2 decimal places.
Please answer b, a is already answered
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