A continuous auction starts with an empty order book. The market opens and the following sequence of
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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 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?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: