Question
A small company's stock has a bid price of $10 and an ask price of $10.40. You expect the stock to go up in a
A small company's stock has a bid price of $10 and an ask price of $10.40. You expect the stock to go up in a day and therefore buy the stock. The next day the stock goes up and has a bid price of $10.30 and an ask price of $10.50. If you sell the stock what are your returns? Show all calculations
The answer is (-0.10). But I don't understand why. Can someone explain?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
