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Question 5 (2 marks) Based on the below market information for HS Corp. Market Depth - HS Corp Bid No. Quantity 2 2,000 4 9,000

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Question 5 (2 marks) Based on the below market information for HS Corp. Market Depth - HS Corp Bid No. Quantity 2 2,000 4 9,000 1 1,500 2 12,000 3 8,000 Price (S) 20.50 20.48 20.42 20.40 20.38 Price (S) 20.55 20.57 20.58 20.62 20.65 Ask Quantity 9,000 1,000 30,500 12,500 500 No. 4 1 5 3 2 Suppose you are the dealer (market maker) and you want to long HS Corp as you think the price will more likely rise. Suggest what price you will be willing to quote

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