Question
An investor gathers the following quotes for a security in an OTC market: First Price ( Left) is Bid Second Price (Right) is Offer Dealer
An investor gathers the following quotes for a security in an OTC market:
First Price ( Left) is Bid
Second Price (Right) is Offer
Dealer A $150.09 $150.26
Dealer B $150.08 $150.26
Dealer C $150.05 $150.25
Dealer D $150.08 $150.28
Dealer E $150.17 $150.30
What is the market spread (in cents) based on the above quotes?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
