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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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NASDAQ Date Open High Low Adj Close Volume 19/08/2019 8006.1802 8026.75 7895.99 8002.81 1934980000 20/08/2019 7989.3599 8010.58 7948.09 7948.56 1747580000 21/08/2019 8017.0698 8036.94 7998.5 8020.21 1716370000 22/08/2019 8038.79 8048.58 7937.12 7991.39 1777630000 23/08/2019 7943.6499 8005.34 7730.77 7751.77 2207070000 Bitcoin Date Open High LOW Adj Close Volume 19/08/2019 10350.283 10916.05 10313.2 10916.05 16038260000 20/08/2019 10916.347 10947.04 10618.96 10763.23 15053080000 21/08/2019 10764.572 10798.73 9962.722 10138.05 19473080000 22/08/2019 10142.521 10233 9831.463 10131.06 17097500000 23/08/2019 10136.31 10442.44 10078.19 10407.96 15627020000

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