Table below,CAST STUDY solution
CASE STUDY - 2
Consider the limit-order book depicted in Table below. The last trade in the stock took place at a price of $50.

a. If 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?
c. If you were the specialist, would you desire to increase or decrease your inventory of this stock?