Question: A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am

A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives:

10:00am Buy 2, limit 10 10:01am Buy 3, limit 11 10:20am Sell 1, limit 13 10:21am Buy 2, limit 13 10:23am Sell 2, limit 9 10:32am Sell 2 at the market 10:35am Buy 1, limit 12

What is the last trade price?

A.11 B.12 C.9 D.10 E.13

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