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D Question 8 15 pts Realized and effective spreads are equal when the quotation midpoint does not change over the measurement interval O dealers often
D Question 8 15 pts Realized and effective spreads are equal when the quotation midpoint does not change over the measurement interval O dealers often provide price improvement and may sometimes lose to informed traders the quotation midpoint changes over the measurement interval. the trade price is one price tick away from the mid-point price. 1.5 pts acc
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