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10. Fill in the cells below for the various transaction cost measures. Inputs Buy Request 900 Quotes Offer Trades Other Trades 1,800 Your Trades Price
10. Fill in the cells below for the various transaction cost measures. Inputs Buy Request 900 Quotes Offer Trades Other Trades 1,800 Your Trades Price $56.42 510 $56.31 $56.22 $56.08 $55.82 $55.75 250 430 $56.22 $56.06 $55.82 Time and Event Midpoint Bid 9:30 Opening call 10:15 Buy request $56.225 $56.14 10:42 Trade $56.135 $56.05 12:56 Trade $56.005 $55.93 3:07 Last trade $55.780 $55.74 4:00 Closing quote $55.685 $55.62 Time Weighted Average Price (TWAP) Benchmark Execution Cost Volume Weighted Average Price (VWAP) Benchmark Execution Cost Implementation Shortfall Benchmark Execution Cost Opportunity Cost Total Cost Closing Price Benchmark Execution Cost One-way Effective Spread First Benchmark Second Benchmark Execution Cost (13 points) 10. Fill in the cells below for the various transaction cost measures. Inputs Buy Request 900 Quotes Offer Trades Other Trades 1,800 Your Trades Price $56.42 510 $56.31 $56.22 $56.08 $55.82 $55.75 250 430 $56.22 $56.06 $55.82 Time and Event Midpoint Bid 9:30 Opening call 10:15 Buy request $56.225 $56.14 10:42 Trade $56.135 $56.05 12:56 Trade $56.005 $55.93 3:07 Last trade $55.780 $55.74 4:00 Closing quote $55.685 $55.62 Time Weighted Average Price (TWAP) Benchmark Execution Cost Volume Weighted Average Price (VWAP) Benchmark Execution Cost Implementation Shortfall Benchmark Execution Cost Opportunity Cost Total Cost Closing Price Benchmark Execution Cost One-way Effective Spread First Benchmark Second Benchmark Execution Cost (13 points)
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