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Consider the queued orders in the following call auction. Price Buy Quantity Sell Quantity $8.01 0 2900 $8.09 0 2300 $8.11 0 1800 $8.20 1900
Consider the queued orders in the following call auction.
Price | Buy Quantity | Sell Quantity |
$8.01 | 0 | 2900 |
$8.09 | 0 | 2300 |
$8.11 | 0 | 1800 |
$8.20 | 1900 | 2600 |
$8.22 | 1700 | 0 |
$8.27 | 800 | 0 |
$8.34 | 2000 | 1500 |
$8.45 | 1900 | 0 |
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.
$8.27
b.
Other
c.
$8.34
d.
$8.22
e.
$8.20
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