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Jorge, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Adele, is willing to sell 1,500 shares of the same

Jorge, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Adele, is willing to sell 1,500 shares of the same stock. Unfortunately, Jorge and Adele dont know one another and must complete their transactions using the stock exchanges market-making dealer. XYZs market maker is willing to sell her shares for $30.50 per share and purchase additional shares for $29.50 per share. Select the most appropriate values in the following table:

Term

Value

Bid price
Ask price
Bid-ask spread

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