An Order Book Displays the Following Information You Place a Market Order to Sell 500 Shares

question 17

Multiple Choice

An order book displays the following information:
$\begin{array}{cccc}\text { Buy Orders}& \text { Sell Orders}\\\hline \text { Shares }\quad \text { Price } & \text { Shares } \quad \text { Price } \\200 \quad \$ 18.15 & 100 \quad \$ 18.17 \\300 \quad \$ 18.14 & 500 \quad \$ 18.18 \\100 \quad \$ 18.14 & 100 \quad \$ 18.19\end{array}$


You place a market order to sell 500 shares. What is the total you will receive for your order?

• A)$9,070
• B)$9,072
• C)$9,075
• D)$9,085
• E)$9,090

---

Definitions:

Terminal Value

An estimate of a project's or company's value at the end of a forecast period, projecting into perpetuity.

Risk-Adjusted Discount Rate

A rate of return that accounts for the risk of an investment, used in capital budgeting to discount future cash flows to their present value.

Growth Rate

The rate at which a company's earnings or revenue increases over a specified period.

Chapter 7 Bankruptcy

A form of bankruptcy that involves the liquidation of a debtor's assets to pay off creditors, resulting in the discharge of remaining debts.