Question: The book in ABC stock is table [ [ , Trader,Time,Price,Quantity,Display ] , [ Ask , Elin, 9 : 4 5 , 1 0

The book in ABC stock is
\table[[,Trader,Time,Price,Quantity,Display],[Ask,Elin,9:45,10.10,800,Y],[Ask,Sophia,9:40,10.06,500,Y],[Ask,Will,9:38,10.05,100,Y],[,,,,,],[Bid,Ellen,9:42,10.03,400,Y],[Bid,Ada,9:41,10.01,300,Y],[Bid,David,9:43,9.98,200,Y]]
Suppose a market order to buy 1000 shares is submitted to the above limit order book. What is the average purchase price for the 1000 shares?
A.10.085
B.10.065
C.10.075
D.10.072
 The book in ABC stock is \table[[,Trader,Time,Price,Quantity,Display],[Ask,Elin,9:45,10.10,800,Y],[Ask,Sophia,9:40,10.06,500,Y],[Ask,Will,9:38,10.05,100,Y],[,,,,,],[Bid,Ellen,9:42,10.03,400,Y],[Bid,Ada,9:41,10.01,300,Y],[Bid,David,9:43,9.98,200,Y]] Suppose a market order

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!