An order book displays the following information:
$\begin{array}{cccc}
\text { Buy Orders}& \text { Sell Orders}\
\hline \text { Shares }\quad \text { Price } & \text { Shares } \quad \text { Price } \
100 \quad \$ 18.07& 100 \quad \$ 18.11 \
500 \quad \$ 18.06 & 500 \quad \$ 18.12 \
300 \quad \$ 18.05 & 100 \quad \$ 18.12
\end{array}$

You place an order to sell 100 shares. At what price will your order be executed?
A)$18.05
B)$18.06
C)$18.07
D)$18.11
E)$18.12

Question

An order book displays the following information:
$\begin{array}{cccc}
\text { Buy Orders}& \text { Sell Orders}\
\hline \text { Shares }\quad \text { Price } & \text { Shares } \quad \text { Price } \
100 \quad  \$ 18.07& 100 \quad  \$ 18.11 \
500 \quad  \$ 18.06 & 500 \quad  \$ 18.12 \
300 \quad  \$ 18.05 & 100 \quad  \$ 18.12
\end{array}$

You place an order to sell 100 shares. At what price will your order be executed?
A)$18.05
B)$18.06
C)$18.07
D)$18.11
E)$18.12

Quizplus · Accepted Answer

Your sell order will be executed at the highest available buy order price, which is $18.07.

An Order Book Displays the Following Information You Place an Order to Sell 100 Shares