Question
Below are the real data of the Nasdaq and the Bitcoin over a 5-day period. William would like you to help him calculate the 4-day
Below are the real data of the Nasdaq and the Bitcoin over a 5-day period. William would like you to help him 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.
(9 marks)
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
