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Question 2. Consider the limit-order book depicted in the Table below. The last trade in...

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Question 2. Consider the limit-order book depicted in the Table below. The last trade in the stock took place at a price of $50. Note: the questions are related (e.g. a transaction that is done in part A is carried to the other parts of the question) Limit- Buy Order Price($) Shares 49.75 500 49.5 800 49.25 500 49 200 48.5 600 Limit- Sell Order Price($) Shares 50.25 100 51.5 100 54.75 300 58.25 100 A. A market-buy order for 100 shares comes in, at what price will it be filled? B. At what price would the next market-buy order be filled (no transaction, just a question)? C. Suppose that Phillippe sells 1500 shares at the market. What is his volume weighted average price? D. Robert F. submits a limit order to sell 100 shares at 50 dollars? At what price will his order be executed? Compute the new Bid-Ask Spread? E. You were the specialist, would you desire to increase or decrease your inventory of this stock

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