25) You own 20000 shares in Boohoo plc. Currently they trade at 99p for bid and 100p for offer, which typically reflect the average spread conditions. However, the spread has a standard deviation of 1p. Under normal market conditions, the cost of liquidation should be closer to: (reminder - critical level for a one-sided 95% tail of a standard normal distribution is 1.65) - a) 10 b) 16.50 c) 83.50 d) 100 25) You own 20000 shares in Boohoo plc. Currently they trade at 99p for bid and 100p for offer, which typically reflect the average spread conditions. However, the spread has a standard deviation of 1p. Under normal market conditions, the cost of liquidation should be closer to: (reminder - critical level for a one-sided 95% tail of a standard normal distribution is 1.65) - a) 10 b) 16.50 c) 83.50 d) 100