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: image text in transcribed

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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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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Question Posted: Mar 21, 2024 07:00 AM

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A market has the following limit orders standing on its book for a particular stock: Ian submits

Question:

19.70 Buyer Bid Size (number of shares) Limit Price Offer Size (number of shares) Seller Keith 1,000 Paul 200 19.84 Ann 400 19.89 Mary 300 20.02 20.03 800 Jack 20.11 1,100 Margaret 20.16 400 Jeff

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Investments Principles Of Portfolio And Equity Analysis

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