Question
Your portfolio manager calls you up and gives you the following order: Buy 9300 BHP shares. You manage to fill the order with a VWAP
Your portfolio manager calls you up and gives you the following order: Buy 9300 BHP shares.
You manage to fill the order with a VWAP of $5.523. If the VWAP for the entire trading day was 5.541 then your trading performance was:
| A. | Equal to the market. | |
| B. | Better than the market. | |
| C. | Worse than the market. |
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
