Now, assume that two additional orders are entered just before the call such that the order book is as follows:

Price	Buy Quantity	Sell Quantity
$8.08	0	1600
$8.01	0	1800
$7.99	0	1200
$7.96	1800	0
$7.91	800	350
$7.87	1100	500
$7.84	1900	0
$7.82	800	0

1. If no more orders are entered, the call price would be:

a.

$7.96

b.

$7.91

c.

$7.99

d.

$7.87

e.

Other

2. The executed volume would be:

a.

850

b.

350

c.

800

d.

500

e.

Other

3.

The trading surplus would be:

a.

850

b.

950

c.

Other

d.

500

e.

170