c. Consider the following limit order book at 10:00am for a company trading on the ASX:

For each of the following situations, (1) describe the price and quantity at which the trade will occur, and (2)average cost of each of the transaction:

Required

1. At 10:03am a limit order sell arrives for 4,500 shares at $7.60

2. At 10:06am a market order buy arrives for 6,000 share

Orders to buy Price Quantity $7.68 2,000 $7.63 1,400 $7.56 3,300 $7.53 8,000 Orders to Sell Price Quantity $7.75 2,300 $7.78 2,800 $7.82 5,880 $7.86 4,500