Market for BHP Broker's excluding Broker's Transactions for Transactions BHP # Shares Price # Shares Price 30,000 100.00 10,000 100.00 40,000 100.02...

1.    Suppose that the market for BHP on a given date consisted of the transactions is listed in the following table. The left two columns represent transactions for Stock BHP, excluding the broker's orders. The right two columns consist of the broker's orders only, all of which were orders to buy.

a.     What was the VWAP for shares of BHP for that day?

b.    What was the VWAP excluding the broker's own orders?

c.     How did the broker perform relative to the market for his buy transactions?