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the options are A) 32.324 B) 30.028 C) 39.895 D) 36.018 1. . The market opens at 9:30 AM, at which point 15,000 shares of

the options are
A) 32.324
B) 30.028
C) 39.895
D) 36.018 image text in transcribed
1. . 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 $36.08, 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 $36.20 and $36.22. respectively At 11:59 AM, 690 shares of your order gets executed at a price of $36.05. The best bid and ask prices at this time are $26.20 and 536.05, respectively Another trader's order for 3,000 shares is executed at 2:16 PM at a price of 536.15. At 3:50 PM, another 795 shares of yours are executed at $36.08. 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 535.94, respectively, Assume that there are no other transactions in ADC stock during the day, Calculate the TWAP benchmark? 0 32.324 O 30.028

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