Let us assume that the following orders are present on the market (opening auction) for XXX...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Let us assume that the following orders are present on the market (opening auction) for XXX stock: Bid quantity 0 3000 2000 3000 5000 Bid / Ask Price 15.8 16 16.1 15.9 15.7 Ask Quantity 2000 3000 6000 2000 0 Help the system to rearrange and combine the orders and find the opening price Let us assume that the following orders are present on the market (opening auction) for XXX stock: Bid quantity 0 3000 2000 3000 5000 Bid / Ask Price 15.8 16 16.1 15.9 15.7 Ask Quantity 2000 3000 6000 2000 0 Help the system to rearrange and combine the orders and find the opening price
Expert Answer:
Answer rating: 100% (QA)
The first step is to rearrange the orders by price The bids will be listed in ascending order f... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
In an experiment to determine the molar heat of reaction when magnesium displaces copper. 0.15g of magnesium powder was added to 25 cm 3 of 0.2m copper (ll) chloride solution was 25 0 C while that of...
-
To calculate variance and standard deviation, we take the deviations from the mean. At times, we need to consider the deviations from a target value rather than the mean. Consider the case of a...
-
On August 29, 2005, Hurricane Katrina caused severe damage to oil installations in the Gulf of Mexico. Although this damage could eventually be repaired, it resulted in a substantial reduction in the...
-
The 2017 financial statements for the Thor and Gunnar companies are summarized below. These two companies are in the same business and in the same province but in different cities. One-half of Thor?s...
-
What would the current l1, be in Fig .19-50 if the 12- resistor is shorted out? Let r = 1.0.
-
Some rearview mirrors produce images of cars behind you that are smaller that they would be if the mirror were flat. Are the mirrors concave or convex? What is the mirrors radius of curvature if cars...
-
The balance sheet allegedly reports all of the assets of a business. But one of the most important assets of any business is its employees, and this asset is omitted from the balance sheet of every...
-
You are considering investing in Annies Eatery. You have been able to locate the following information on the firm: total assets are $40 million, accounts receivable are $6.0 million, ACP is 30 days,...
-
Murray wants to "pension share" his RRIF payments with Mabel since Mabel is in a much lower tax bracket than Murray. When can Murray implement this strategy? when he begins CPP retirement pension...
-
Assume that Timberline Corporation has 2023 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2023: What is the maximum amount of 179 expense...
-
The Wells Fargo branch in Portland must keep enough money on hand to satisfy customers cash demands. Suppose that the daily demand for cash at this branch follows a normal distribution with means and...
-
Modify the following coding lines, to meet the given comments provided at the end. # Candidate No: MIN = -1000 MAX = 1000 class CompactList: def __init__(self,inlist= []): sorted_list =...
-
1, What did the FCC's net neutrality rules decide in 2015 about weather or not ISP s can be regulated as public utilities, and why is this important? 2, Are you in favor of network neutrality? Why or...
-
15.5 kg is moving due east with a speed VA = 7.80 m/s, while object (B) of mass mB = 30.0 kg is moving in a direction that makes angle of 58 north of east with a speed VB = 5.20 m/s. The two objects...
-
Calculate the current and quick ratios for Toyota (ticker TM) and Honda (ticker HMC) for the fiscal years 2020-2022 (each fiscal year ends on March 31 of the corresponding calendar year). Comment on...
-
explain: a. How much impact did the change from Phoenix to Las Vegas have? Why? b. What is the rate of change in the savings as each additional warehouse is added? These models have been run in the...
-
Natalie is a long term employee at ABC Systems and has a group benefits plan which includes a basic life insurance coverage amount of two times her salary. What statement best describes Natalie's...
-
Suppose you are comparing just two means. Among the possible statistics you could use is the difference in means, the MAD, or the max min (the difference between the largest mean and the smallest...
-
In the previous problem, we studied the effects of a cost-saving invention. For this problem, we suppose that there was no such invention, but that a tax is introduced. Suppose that on January 1,...
-
Central High School has $60,000 to spend on computers and other stuff, so its budget equation is C + X = 60, 000, where C is expenditure on computers and X is expenditures on other things. C.H.S....
-
In Rustbucket, Michigan, there are 200 people who want to sell their used cars. Everybody knows that 100 of these cars are lemons and 100 of these cars are good. The problem is that nobody except the...
-
Geary Company had the following transactions: Apr. 15 Issued a \(\$ 6,000,60\)-day, eight percent note payable in payment of an account with Marion Company. May 22 Borrowed \(\$ 50,000\) from...
-
The Longo Corporation issued \(\$ 50\) million maturity value of six percent coupon rate bonds, with interest paid semiannually. At the time of the bond issuance, equivalent risk-rated debt...
-
At December 31, 2017, Seattle Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2018, Seattle also had two notes payable outstanding (notes 3 and 4). These notes are...
Study smarter with the SolutionInn App