Answered step by step
Verified Expert Solution
Question
1 Approved Answer
suppose a security has a bid price of $93.20 and an ask price of $93.50 at what price would a market sell the security to
suppose a security has a bid price of $93.20 and an ask price of $93.50 at what price would a market sell the security to you?
A. at any price between 93.20 and 93.50
B. 93.20
C. 93.50
D 93.35 ( the average of 93.20 and 93.50)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started