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A stock broker received an order from a client to buy 11,000 shares of CBA within ten minutes. Within those ten minutes, the following trades

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A stock broker received an order from a client to buy 11,000 shares of CBA within ten minutes. Within those ten minutes, the following trades took place. The broker's clients are marked with ((*)) a Price Quantity Time 12:02:05 87.43 1300 12:04:57 86.74 1800 12:05:22 85.96 4200* 12:07:30 86.04 4900 12:08:12 85.78 3400* 12:08:57 85.71 9700 12:09:35 84.78 3400* (a) Calculate the market volume-weighted average price. (2 marks) [Type your answer here] (b) Calculate the stock broker's volume-weighted average price. (2 marks) [Type your answer here] (c) Using the volume-weighted average price method, assess the broker's execution performance. (2 marks)

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