Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) English Petroleum (EP) PLC's shares are listed on an order driven market. The table below shows the price and share amount of unmatched orders.

image text in transcribed

1) English Petroleum (EP) PLC's shares are listed on an order driven market. The table below shows the price and share amount of unmatched orders. (treat each part of the question separately) a) Adam wishes to purchase 1 share in EP and is willing to pay 7.25 and submits an order to purchase a share for 7.25. What price will he actually pay for the share? b) Brian wishes to buy a share for 7.17, will he be able to buy a share? What will happen to the figure above? ci) Cynthia wishes to buy 100,000 shares and is willing to pay 7.21, she submits such an order, what will happen? ii) After Cynthia submitted the order described in part ci, Daniel submits an order to purchase 100 shares and is willing to pay 7.24. At what price will he purchase these 100 shares

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Management

Authors: Julian Ralph Franks, Harry H. Scholefield

2nd Edition

0566020548, 978-0566020544

More Books

Students also viewed these Finance questions

Question

Is there administrative support?

Answered: 1 week ago