Question 7 Below is the market depth details of NTM Bank shares. NTM Bank (Ghana) Limited Share Price Today's change 33.905 . 0.435 Bid Ask 33.90 33.91 Market depth at 20/05/2020 2:14:48pm Percentage Change - 1.27% Bid No. 9 18 17 11 8 Quantity 7.000 6,000 13,000 9,000 31,000 Price () 33.90 33.89 33.88 33.87 33.86 Ask No. 28 24 16 7 6 Quantity 9,000 6,000 7.000 11,000 4,000 Price(e) 33.91 33.92 33.93 33.94 33.95 Required: i. What is the bid-ask spread on NTM Bank shares? (2 marks) ii. What is your best estimate of the true price of these shares? (2 marks) iii. What is the best price that you could buy one share when placing a market order? (2 marks) iv. How much money could you sell 10,000 shares for, using a market order? (Note that in this question you are selling, in the previous question, you are buying). (2 marks) v. b). What is the implicit cost of selling these 10,000 shares, given your true price answered above? (2 marks) Define investment and discuss the overall purpose people have for investing. (7 marks) What are the advantages of listing or floating a company shares at a stock exchange? (8 marks) (Total 25 marks) c). Question 7 Below is the market depth details of NTM Bank shares. NTM Bank (Ghana) Limited Share Price Today's change 33.905 . 0.435 Bid Ask 33.90 33.91 Market depth at 20/05/2020 2:14:48pm Percentage Change - 1.27% Bid No. 9 18 17 11 8 Quantity 7.000 6,000 13,000 9,000 31,000 Price () 33.90 33.89 33.88 33.87 33.86 Ask No. 28 24 16 7 6 Quantity 9,000 6,000 7.000 11,000 4,000 Price(e) 33.91 33.92 33.93 33.94 33.95 Required: i. What is the bid-ask spread on NTM Bank shares? (2 marks) ii. What is your best estimate of the true price of these shares? (2 marks) iii. What is the best price that you could buy one share when placing a market order? (2 marks) iv. How much money could you sell 10,000 shares for, using a market order? (Note that in this question you are selling, in the previous question, you are buying). (2 marks) v. b). What is the implicit cost of selling these 10,000 shares, given your true price answered above? (2 marks) Define investment and discuss the overall purpose people have for investing. (7 marks) What are the advantages of listing or floating a company shares at a stock exchange? (8 marks) (Total 25 marks) c)