Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An investor gathers the following quotes for a security in an OTC market: Dealer Bid Offer Dealer A $150.09 $150.26 Dealer B $150.08 $150.26 Dealer
An investor gathers the following quotes for a security in an OTC market:
Dealer | Bid | Offer |
Dealer A | $150.09 | $150.26 |
Dealer B | $150.08 | $150.26 |
Dealer C | $150.05 | $150.23 |
Dealer D | $150.08 | $150.28 |
Dealer E | $150.17 | $150.30 |
What is the market spread (in cents) based on the above quotes?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started