A market has the following limit orders standing on its book for a particular stock: Ian submits
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A market has the following limit orders standing on its book for a particular stock:
Ian submits a day order to sell 1,000 shares, limit d19.83. Assuming that no more buy orders are submitted on that day after Ian submits his order, what would be Ian’s average trade price?
A. d19.70.
B. d19.92.
C. d20.05.
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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