Question: could anyone give me a step by step solution, thank you! Question 19 Consider the queued orders in the following call auction. The call price
could anyone give me a step by step solution, thank you!
Question 19 Consider the queued orders in the following call auction. The call price is determined by first maximising executable volume and then minimising trading surplus. Not yet answered Marked out of 1.00 P Flag question Buy Sell Price Quantity Quantity $2.64 0 1100 $2.71 0 1400 $2.75 0 1700 $2.85 1000 2100 $2.91 1400 0 $2.99 900 0 $3.05 1200 2200 $3.11 1100 0 If no more orders are entered, the call price would be: Select one: a. $2.85 b. Other c. $2.99 d. $2.91 e. $3.05
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