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The limit order book of the market for a security looks as below. Use the following table to answer question 1,2,3 Broker Broker 111 222

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The limit order book of the market for a security looks as below. Use the following table to answer question 1,2,3 Broker Broker 111 222 333 444 555 666 777 888 Bid Volume (shares) 1250 3000 15000 25 3580 400 5890 12000 Bid Price ($) 25.49 25.48 25.47 25.46 25.45 25.30 25.25 25.00 Ask Price ($) 25.51 25.53 25.55 25.57 25.58 25.59 26.00 26.10 Ask Volume (shares) 3500 1500 8000 12000 12800 13005 255 1 224 575 587 387 854 575 578 998 1. What are the mid-point price, the quoted bid ask spread and the relative quoted bid ask spread? A. $25.50, $0.02, 0.07843% B. $25.50, $0.01, 0.07843% C. $25.49. $0.02, 0.07843% D. $25.50, 0.01, 0.07843% E. None of the above 2. What is the volume weighted average price for a market buy order for 30,000 shares? (round to the nearest cent) A $25.54 B. $25.55 C. $25.56 D. $25.57 E. $25.58 3. What is the market impact and percentage market impact of midpoint if you conduct a roundtrip trading of the above market order? A. 0.07, 0.2745% B. 0.06, 0.2353% C. 0.07, 0.2741% D. 0.06, 0.2350% E. 0.06, 0.2349% The limit order book of the market for a security looks as below. Use the following table to answer question 1,2,3 Broker Broker 111 222 333 444 555 666 777 888 Bid Volume (shares) 1250 3000 15000 25 3580 400 5890 12000 Bid Price ($) 25.49 25.48 25.47 25.46 25.45 25.30 25.25 25.00 Ask Price ($) 25.51 25.53 25.55 25.57 25.58 25.59 26.00 26.10 Ask Volume (shares) 3500 1500 8000 12000 12800 13005 255 1 224 575 587 387 854 575 578 998 1. What are the mid-point price, the quoted bid ask spread and the relative quoted bid ask spread? A. $25.50, $0.02, 0.07843% B. $25.50, $0.01, 0.07843% C. $25.49. $0.02, 0.07843% D. $25.50, 0.01, 0.07843% E. None of the above 2. What is the volume weighted average price for a market buy order for 30,000 shares? (round to the nearest cent) A $25.54 B. $25.55 C. $25.56 D. $25.57 E. $25.58 3. What is the market impact and percentage market impact of midpoint if you conduct a roundtrip trading of the above market order? A. 0.07, 0.2745% B. 0.06, 0.2353% C. 0.07, 0.2741% D. 0.06, 0.2350% E. 0.06, 0.2349%

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