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Question 11 Consider the queued orders in the following call auction. Not yet answered Price...

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Question 11 Consider the queued orders in the following call auction. Not yet answered Price Sell Quantity 2300 Marked out of 1.00 1300 Flag question $4.86 $4.85 $4.76 $4.65 $4.61 $4.60 $4.53 $4.43 Buy Quantity 0 0 0 1600 2000 1600 1200 1400 2100 2900 0 0 3000 0 The call price is determined by first maximising executable volume and then minimising trading surplus. If no more orders are entered, the call price would be: O a $4.60 Ob $4.61 O c. $4.65 Od. Other O e. $4.53 Question 12 Consider the queued orders in the following call auction. Not yet answered Price Marked out of 1.00 Sell Quantity 2300 1300 2100 2900 Flag question Buy Quantity 0 0 0 1600 2000 1600 1200 1400 $4.86 $4.85 $4.76 $4.65 $4.61 $4.60 $4.53 $4.43 0 0 3000 0 The call price is determined by first maximising executable volume and then minimising trading surplus. If no more orders are entered, the trading surplus at the call would be: O a. O shares O b. 3,400 shares O c. 600 shares O d. Other O e. 2,200 shares

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