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A manager bought 100,000 shares of stock RLK at an average price of $25.30. The stock opened at a price of $25.00. The arrival price

A manager bought 100,000 shares of stock RLK at an average price of $25.30. The stock opened at a price of $25.00. The arrival price when the order was released to the market was $25.10. The VWAP price over your trading horizon was $25.35. The closing price on the day was $25.40. i. Calculate the following benchmark costs: Open, Arrival, VWAP, Close Express each cost in basis points, $/share, and dollars. Arrival Cost is also referred to as Trade Cost.

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