Question
ABC Limited: Order book Price (to buy) Quantity (to buy) Price (to sell) Quantity (to sell) $1.00 50 000 $1.10 25 000 $0.90 25 000
| ABC Limited: Order book | |||
| Price (to buy) | Quantity (to buy) | Price (to sell) | Quantity (to sell) |
| $1.00 | 50 000 | $1.10 | 25 000 |
| $0.90 | 25 000 | $1.20 | 50 000 |
| $0.80 | 50 000 | $1.30 | 100 000 |
Given the order book for ABC Limited, suppose a market order arrives to buy 80,000 shares. At what price will the trade occur?
| $1.10 |
| $1.00 |
| $1.30 |
| $0.80 |
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
