Question: could anyone give me a step by step solution, thank you! Question 18 Consider the queued orders in the following call auction. The call price
could anyone give me a step by step solution, thank you!
Question 18 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 Price Marked out of 1.00 Flag question $2.64 $2.71 $2.75 $2.85 $2.91 $2.99 $3.05 $3.11 Buy Quantity 0 0 0 1000 1400 900 1200 1100 Sell Quantity 1100 1400 1700 2100 0 0 2200 0 The cumulative sell quantity at the price of $2.71 is: Select one: a. 7600 share b. Other c. 7400 shares d. 6500 shares e. O shares
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