Question: could anyone give me a step by step solution, thank you! Question 16 Not yet answered Marked out of 1.00 P Flag question Consider the
could anyone give me a step by step solution, thank you!
Question 16 Not yet answered Marked out of 1.00 P Flag question Consider the following transactions from a principal exchange and crossing network. The crossing network crosses every five minutes. The crossing price is derived from the principal exchange and is calculated as the volume-weighted average price from the previous five minutes. Principal Exchange Crossing Network Time Price Volume Time Volume 14:00:00 14:00:00 Unknown 14:00:60 83.98 6600 14:04:04 81.91 1400 14:04:06 82.95 2200 14:05:00 14:05:00 Unknown 14:05:57 81.23 2900 14:07:32 81.97 1700 14:09:22 82.68 3100 14:10:00 14:10:00 Unknown The crossing price at 14:05:00 is: Select one: a. $82.83 b. Other c. $82.95 d. $81.98 e. $83.47
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