Question 10 (13 marks)

Refer to the below limit order book for the stock QQL.

		100	6.40	6.80	300
Time	Trader	Size	Price	Price	Size	Trader	Time
09:55	HSU	100	6.40	6.80	300	CTI	09:15
10:11	HKB	300	6.20	6.95	1000	WHB	09:30
09:45	BEA	550	6.00	7.05	100	CCB	10:00

d.) Suppose the following trades or orders occur from 10:12

No.#	Time	Trades or oders
1	10:35	A market order to sell 300 shares
2	10:40	A market order to buy 200 shares
3	10:57	A limit order to sell 1000 shares at$6.85
4	11:00	A limit order to sell 500 shares at $6.70 which was taken(done) immediately at 11:01
5	11:02	A market sell order of 500 shares arrives

i) (3 marks) Calculate the volume weighted average price (VWAP) of QQL from 10:35 to 11:02.

ii) (3 marks) Which one of the transactions above (No.#) beat the VWAP (for the trader who placed the order)?

Can anyone help me solve the (d)(i)-(ii)?