Vivendi Universal is a French firm listed on Euronext, the Paris Bourse. You can access the central limit order book directly on the Internet and find the following information:
$$\begin{array} { c c c r }
{ \text { Sell Orders } } & & { \text { Buy Orders } } \
\hline \text { Quantity } & \text { Limit } & \text { Limit } & \text { Quantity } \
\hline 5,000 & 17.50 & 17.35 & 2,000 \
3,000 & 17.45 & 17.32 & 4,500 \
1,000 & 17.42 & 17.30 & 5,000 \
2,000 & 17.40 & 17.28 & 2,000 \
1,000 & 17.38 & 17.20 & 10,000
\end{array}$$ You wish to buy 2,000 shares and enter a market order to buy those shares. A market order has no limit, so, it will be executed against the best matching order. At what price will you buy the shares?

Question

Vivendi Universal is a French firm listed on Euronext, the Paris Bourse. You can access the central limit order book directly on the Internet and find the following information:
 $$\begin{array} { c c c r } 
 { \text { Sell Orders } } & & { \text { Buy Orders } } \
\hline \text { Quantity } & \text { Limit } & \text { Limit } & \text { Quantity } \
\hline 5,000 & 17.50 & 17.35 & 2,000 \
3,000 & 17.45 & 17.32 & 4,500 \
1,000 & 17.42 & 17.30 & 5,000 \
2,000 & 17.40 & 17.28 & 2,000 \
1,000 & 17.38 & 17.20 & 10,000
\end{array}$$ You wish to buy 2,000 shares and enter a market order to buy those shares. A market order has no limit, so, it will be executed against the best matching order. At what price will you buy the shares?

Quizplus · Accepted Answer

The Answer of Vivendi Universal is a French firm listed on Euronext, the Paris Bourse. You can access the central limit order book directly on the Internet and find the following information:
 $$\begin{array} { c c c r } 
 { \text { Sell Orders } } & & { \text { Buy Orders } } \
\hline \text { Quantity } & \text { Limit } & \text { Limit } & \text { Quantity } \
\hline 5,000 & 17.50 & 17.35 & 2,000 \
3,000 & 17.45 & 17.32 & 4,500 \
1,000 & 17.42 & 17.30 & 5,000 \
2,000 & 17.40 & 17.28 & 2,000 \
1,000 & 17.38 & 17.20 & 10,000
\end{array}$$ You wish to buy 2,000 shares and enter a market order to buy those shares. A market order has no limit, so, it will be executed against the best matching order. At what price will you buy the shares?

Vivendi Universal Is a French Firm Listed on Euronext, the Paris