Question
Vivendi Universal is a French firm listed on Euronext, the Paris Bourse. You can access the central limit order book directly on the Internet and
Vivendi Universal is a French firm listed on Euronext, the Paris Bourse. You can access the central limit order book directly on the Internet and find the following information:
Sell OrdersBuy Orders
QuantityLimitLimitQuantity
5,00017.5017.352,000
3,00017.4517.324,500
1,00017.4217.305,000
2,00017.4017.282,000
1,00017.3817.2010,000
You wish to buy 2,000 shares and enter a market order to buy those shares. A market order has no limit, so, it will be executed against the best matching order. At what price will you buy the shares?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
