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Consider the following two quotes for XYZ stocks: November 11th November 18 Ask: 25.25 Ask: 26.00 Bid: 25.20 Bid: 25.93 Question: How much should you
Consider the following two quotes for XYZ stocks:
November 11th
November 18
Ask: 25.25
Ask: 26.00
Bid: 25.20
Bid: 25.93
Question: How much should you pay to buy 100 shares of XYZ on November 18?
a) $2600
b) $2520
c) $2525
d) $2593
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