Question
llllll sell it buy and the price at a Securi which a dealer is willing to an Erik, a trader, wants to buy 1,000 shares
llllll sell it buy and the price at a Securi which a dealer is willing to an Erik, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alison, is willing to sell 1,500 shares of the same stock. Unfortunately, Erik and Alison don't know one another and must complete their transactions using the stock exchange's market-making dealer. xYz's market-maker is willing to sell her shares for $30.60 per share and purchase additional shares for $29.75 per share. Select the most appropriate values in the following table: Term Value Bid price Ask price Bid-ask spread If the market-maker is willing to purchase the entire block of 1,500 shares from Alison and, from that block, resell 1,000 shares to Erik, then the market - maker's net profit from Erik's transaction-excluding any inventory be Grade It Now
DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION
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