Question
You are an institutional investor interested in selling a certain security that is traded in an OTC-market. You have the following two quotes from
"You are an institutional investor interested in selling a certain security that is traded in an OTC-market. You have the following two quotes from dealers. Dealer R bid $6.85; offer $6.90: Dealer T bid $6.86; offer $6.92 If you wished to sell the security, which dealer would you sell to and what price?" O Sell to Dealer R at a price of $6.85 O Sell to Dealer R at a price of $6.90 O Sell to Dealer T at a price of $6.86 O Sell to Dealer T at a price of $6.92 O sell'at the average of Dealer T prices $6.89
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Applied Corporate Finance
Authors: Aswath Damodaran
4th edition
978-1-118-9185, 9781118918562, 1118808932, 1118918568, 978-1118808931
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