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sergij07 [2.7K]
3 years ago
6

11. If a dealer bought 20,000 shares of stock at $25 per shares, then sold 5,000 of them at 25.50 per share and 15,000 of them a

t 25.25 per share. (6 point) a) What is the dealer’s gross profit? b) What is the dealer’s average bid-ask spread?
Business
1 answer:
polet [3.4K]3 years ago
4 0

Answer:

A) Gross Profit = 5000 x (25.50 - 25) + 15000 x (25.25 - 25) = 6250  

B) Avg Bid Price = 5000/20000 x 25.50 + 15000/20000 x 25.25 = 25.3125

Ask price = 25.0

Avg Bid-ask price = 0.3125

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