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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
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. English Petroleum PLC Buy Orders #Shares Price #Shares Price Sell Orders 130,000 7.20 60,000 7.21 477,322 7.19 233,445 7.22 436,347 7.18 345,778 7.23 634,637 7.17 65,956 7.24 325,664 7.16 489,658 7.25 345,488 346,377 7.15 7.26 (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?
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