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Consider the queued orders in the following call auction. Price $8.01 $8.09 $8.11 $8.20 $8.22 $8.27 $8.34 $8.45 Buy Quantity 0 0 0 1900 1700
Consider the queued orders in the following call auction. Price $8.01 $8.09 $8.11 $8.20 $8.22 $8.27 $8.34 $8.45 Buy Quantity 0 0 0 1900 1700 800 2000 1900 Sell Quantity 2900 2300 1800 2600 0 1500 The call price is determined by first maximising executable volume and then minimising trading surplus. If no more orders are entered, the call price would be: a. Other b. $8.27 C. $8.34 d. $8.20 e. $8.22
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