Question
The following information applies for the following two questions: The following orders submitted prior to the call auction: Bid LMT order 500 Shares for $90
The following information applies for the following two questions:
The following orders submitted prior to the call auction:
Bid LMT order 500 Shares for $90
Bid LMT order 100 shares for $100
Bid LMT order 300 shares for $94
Ask LMT order 200 shares for $99
Ask LMT order 100 shares for $93.5
Bid LMT order 700 shares for $96
Ask LMT order 650 shares for $94
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Assuming that the previous closing price was $97, what is the opening price of the Call Auction?
Question 12 options:
| 90 |
| 93.5 |
| 94 |
| 96 |
| 99 |
| 100 |
| None of the above |
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