Question
Considering a mid-pegged order to buy submitted at 11:00 and the market condition as summarized in below table, when is the order repriced? Time
Considering a mid-pegged order to buy submitted at 11:00 and the market condition as summarized in below table, when is the order repriced?
Time | Bid | Offer |
11:00 | 52.00 | 52.02 |
11:01 | 52.00 | 52.02 |
11:02 | 52.01 | 52.03 |
11:03 | 52.00 | 52.04 |
11:05 | 52.02 | 52.05 |
Step by Step Solution
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In a midpegged order the price of the order is determined as the midpoint between the bid and offer ...
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
