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the options are: A) 401.25 B)391.25 C)381.25 D)411.25 4. . The market opens at 9:30 AM, at which point 15,000 shares of ABC stock trade

the options are:
A) 401.25
B)391.25
C)381.25
D)411.25
image text in transcribed
4. . The market opens at 9:30 AM, at which point 15,000 shares of ABC stock trade at 535.66 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 536.20 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 $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 At 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 according to the VWAP benchmark? 401.25 39125

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