The following limit orders for the XYZ stock have been submitted to the opening auction the LSE: XYZ Limit Order Book Price Buys 21 20.875 20.75 20.625 20.50 20 375 10 15 20 Sells 20 5 5 5

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
30
Transcribed Image Text: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 30
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