Question
Lisa places a market order with her broker to buy 1,000 shares of TS Corp. The broker buys 1,000 shares at $11.03 each, and sells
Lisa places a market order with her broker to buy 1,000 shares of TS Corp. The broker buys 1,000 shares at $11.03 each, and sells them to Lisa at $11.08 each. What is the total bid-ask spread in this case?
A. $50
B. $100
C. $60
D. $120
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
