A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am Buy 3, limit 11 10:20am Sell 1, limit 13 10:21am Buy 2, limit 13 10:23am Sell 2, limit 9 10:32am Sell 2 at the market 10:35am Buy 1, limit 12 What is the last trade price?
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- Here is some price information on Marriott: Marriott Bid= 69.95 Ask= 70.05 You have placed a stop-loss order to sell at $70. What are you telling your broker? Given market prices, will your order be executed?The following limit orders for the XYZ stock have been submitted to the opening auction at the LSE: XYZ Limit Order Book Price Buys 21 20.875 20.75 20.625 20.50 20.375 20.25 20.125 20 10 15 20 10 5 10 What is the market clearing price? O A. some other price OB. 20.50 OC. 20.25 OD. 20.375 OE. 20.125 Sells 20 5 5 5 10 20 30If the bid and ask prices for Amazon.com are $37.79 and $37.85. If these quotes occur when a trade order is made, at what price would a market buy order execute? Would a limit sell order execute with a target price of $37.75?
- Calculate Duolingo’s underpricing if the offer price equals $102 and the closing price on the first trading day equals $134.26.Question I: Consider the widget exchange. Suppose that each widget contract has a market value of $0 and a notional value of $100. There are three traders, A, B, and C. Over one day, the following trades occur: . A long, B short, 5 contracts. • A long, C short, 15 contract. • B long, C short, 10 contracts. . C long, A short, 20 contracts. 1. What is each trader's net position in the contract at the end of the day? 2. What are trading volume, open interest, and the notional values of trading volume and open interest? 3. How would your answers in (1) and (2) have been different if there were an additional trade: C long, B short, 5 contracts? 4. How would you expect the measures in part (2) to be different if each contract had a notional value of $20?Answer the next 4 questions using the information in the following table. You are considering the purchase of a $1,000 par value Treasury Bill and observe the following quotes for T-Bills in the market: Ignore transaction costs. Time to Maturity (days) Bid Asked % % 60 1.64 1.55 88 1.63 1.54 116 1.62 1.53 144 1.61 1.52 4. The bid price of a T-bill in the secondary market is A. the price at which the dealer in T-bills is willing to sell the bill. B. the price at which the investor in T-bills is willing to sell the bill. C. larger than the ask price of the T-bill. D. The price at which the investor can buy the T-bill. 5. What is the purchase price of the 144-day bill that you face? А. $993.29 B. $993.56 С. $993.92 D. $994.05
- The market maker offers the following bids and asks with respective depths: Price Depth Bid 95 Bid 98 600 Bid 100 Ask 101 200 Ask 103 1000 1200 700 Ask 106 400 If you submit a market sell order with 1,771 shares, what's your weighted average execution price? Enter a number with two decimal points.Here is some price information on FinCorp stock. Suppose that FinCorp trades in a dealer market.Bid =55.25 Ask= 55.50a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?b. Suppose you have submitted an order to sell at market. At what price will your trade be executed?c. Suppose you have submitted a limit order to sell at $55.62. What will happen?d. Suppose you have submitted a limit order to buy at $55.37. What will happen?H5. In two different markets, you see the following prices. Market #1: 20 Call = 5.50, 20 Put = 3.50, Underlying = 22 Market #2: 110 Put = 9.50, 115 Put = 2.50, Underlying = 110 You can trade in either market, but not both. Please describe: What trades will you do to lock in the highest amount of profit? How much profit (to one decimal place)?
- When the best bid in the market is $23.95 while the best offer or ask is $24.75: A limit sell order at $24.30 will be behind the market. A limit buy order at $19.75 will be aggressively priced. A market sell order at $25.25 will make a new market. A market-if-touched order to buy at $23.25 will make a new market. A limit sell order at $24.15 will make a new marketHere is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 46.54 46.89 a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.) b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.) c. Suppose you have submitted a limit order to sell at $47.15. What will happen? The trade will not be executed The trade will be executed d. Suppose you have submitted a limit order to buy at $46.76. What will happen? The trade will not be executed The trade will be executedYou purchased XYZ stock at $50 per share. The stock is currently selling at $65. Your gains could be protected by placing a _________. Group of answer choices limit buy order limit sell order market order stop-loss order