The order book for an asset is given below: BID 537.04 537.00 536.93 VOL 200 300 500 ASK 537.10 537.11 537.15 VOL 200 100 400 A limit sell order arrives for 500 units at $537.00. Assuming partial execution is possible what is the transaction price? O None of these O 200 units for $537.04 and 300 for $537.00 200 units for $$537.10, 100 for $537.11 and 200 for $537.15 O 500 units for $537.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The order book for an asset is given below:
BID
537.04
537.00
536.93
VOL
200
300
O None of these
500
<< Previous
ASK
537.10
O 500 units for $537.00
537.11
537.15
200 units for $537.04 and 300 for $537.00
VOL
A limit sell order arrives for 500 units at $537.00. Assuming partial execution is possible what is the transaction price?
200
100
400
200 units for $$537.10, 100 for $537.11 and 200 for $537.15
Next
Transcribed Image Text:The order book for an asset is given below: BID 537.04 537.00 536.93 VOL 200 300 O None of these 500 << Previous ASK 537.10 O 500 units for $537.00 537.11 537.15 200 units for $537.04 and 300 for $537.00 VOL A limit sell order arrives for 500 units at $537.00. Assuming partial execution is possible what is the transaction price? 200 100 400 200 units for $$537.10, 100 for $537.11 and 200 for $537.15 Next
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