Question
Below are the real data of the Nasdaq and the Bitcoin over a 5-day period. Calculate the 4-day average Amihud illiquidity measure in billions. What
Below are the real data of the Nasdaq and the Bitcoin over a 5-day period. Calculate the 4-day average Amihud illiquidity measure in billions. What conclusion you could obtain after calculating the Amihud measure? Assume volume is the dollar trading volume.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
