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the optines are: A) -49.20 B) 49.20 C) -39.20 D) 39.20 6. . . - The market opens at 9:30 AM at which point 15.000

the optines are:
A) -49.20
B) 49.20
C) -39.20
D) 39.20
image text in transcribed
6. . . - The market opens at 9:30 AM at which point 15.000 shares of ABC stock trade at $35.66 a share. You decide to trade to buy 1,800 shares of ABC at 10:50 AM. The best bid and ask prices at this time are $36.05 and $36.05, respectively Another trader's order executes at 11:25 AM at a price of 36.20 for 850 shares. The best bid and ask prices at this time are $35.20 and $36.22 respectively At 11:59 AM, 690 shares of your order gets executed at a price of $36.0s. The best bid and ask prices at this time are $36 20 and $36.05. respectively. Another trader's order for 3,000 shares is executed at 2:16 PM at a price of 536.15. A1 3:50 PM, another 795 shares of yours are executed at $36.03. The best bid and ask prices at this time are $35.99 and $36.03, respectively. Finally the market closes at 4 PM, when the best bid and ask prices are $35.91 and $35 94, respectively. Assume that there are no other transactions in ABC stock during the day What is the transaction cost as per the implementation shortfall method? . 49.20 49.20

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