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The book in ABC stock is Trader Elin Sophia Will Ask Ask Ask Bid Bid Bid Ellen Ada David Time 9:45 9:40 9:38 9:42 9:41 9:43 Price 10.10 10.06 10.05 10.03 10.01 9.98 Quantity 800 500 100 400 300 200 Display Y Y Y Y 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 Trader Elin Sophia Will Ask Ask Ask Bid Bid Bid Ellen Ada David Time 9:45 9:40 9:38 9:42 9:41 9:43 Price 10.10 10.06 10.05 10.03 10.01 9.98 Quantity 800 500 100 400 300 200 Display Y Y Y Y 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

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The book in ABC stock is Trader Elin Sophia Will Ask Ask Ask Bid Bid Bid Ellen Ada David Time 9:45 9:40 9:38 9:42 9:41 9:43 Price 10.10 10.06 10.05 10.03 10.01 9.98 Quantity 800 500 100 400 300 200 Display Y Y Y Y Y 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? OA. 10.085 B. 10.065 C. 10.075 D.10.072
Transcribed Image Text:The book in ABC stock is Trader Elin Sophia Will Ask Ask Ask Bid Bid Bid Ellen Ada David Time 9:45 9:40 9:38 9:42 9:41 9:43 Price 10.10 10.06 10.05 10.03 10.01 9.98 Quantity 800 500 100 400 300 200 Display Y Y Y Y Y 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? OA. 10.085 B. 10.065 C. 10.075 D.10.072
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