hard · Market Microstructure spread-econ
A call auction for a security receives the following orders: Buy Market (300 shares), Buy Limit $50.10 (200 shares), Buy Limit $50.00 (500 shares). Sell Market (100 shares), Sell Limit $50.00 (400 shares), Sell Limit $50.10 (600 shares).
At what price will the auction clear to maximize traded volume?
- $49.90
- $50.00
- $50.05
- $50.10
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