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Question 10 - [7 marks] Consider the following quotes from four dealers: Dealer Bid () Ask () 32.30 33.10 B 32.50 33.00 32.10 32.70 D
Question 10 - [7 marks] Consider the following quotes from four dealers: Dealer Bid () Ask () 32.30 33.10 B 32.50 33.00 32.10 32.70 D 32.40 32.80 A. Give a definition of the best bid and the best ask quotes from the point of view of the dealers and indicate them in the above table. B. Give a definition of a market order and a limit order. C. Suppose you have submitted a market order to buy to your broker. At what price will your trade be executed? D. Suppose you have submitted a market order to sell to your broker. At what price will your trade be executed? E. Suppose you have submitted a limit order to sell at 32.60. What will happen? F. Suppose you have submitted a limit order to buy at 32.60. What will happen
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