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Only need answer to number 7, but please explain! Use the following limit order beok for questions 4,5 and 6 - for each question, use
Only need answer to number 7, but please explain! Use the following limit order beok for questions 4,5 and 6 - for each question, use THIS book - Le. the trades are not cumulative across questions: What's the relative bid ask spread for this stock (as a decimal, to 4 decimal places)? QUESTION 6 You accidentally hit a button on your compuler and your brokerage buys 1000 shares of this stock with a matket order. You decide to sell the shares with a market order as weil. Ignoring commissions, how much money do you lose duo to your carelessness? (answer in dollars, but without the \$ sign - so if you lose \$35.40, enter 35.40 ) QUESTION 7 You place a market order to buy 1000 shares of the Question 5 stock. A fow soconds later, your cousin places a market order to soll 1000 shares of the $350 stock. No one place places any other order (market or limit). Wha tis the relative bid ask spread? (remember rel bid ask spread is (best ask-bost bid) average of best ask and best bid. Answer as a decimal, to 4 decimal places
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