Solution-Solve decision time bid ask mid-point benchmark

Solve decision time bid ask mid-point benchmark

Assignment Help Cost Accounting

Reference no: EM132618787

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 $36.20 and $36.05, respectively.
Another trader's order for 3,000 shares is executed at 2:16 PM at a price of $36.15.
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.

Problem 1: Calculate the 'decision time bid ask mid-point' benchmark?

Option A 36.065

Option B 35.165

Option C 36.165

Option D 35.035

Reference no: EM132618787

Questions Cloud

Find out after-tax salvage value of the equipment : What will be the after-tax salvage value of the equipment at the end of year 4?

What is X Ltd accrual profit : Credit sales of $100,000 of which $80,000 was collected by year-end; Using only the data provided, what is X Ltd's accrual profit

Create innovative approach : Create one innovative approach that is not discussed in the textbook for increasing the amount of innovation within a large company.

Develop a joint probability table : A travel agency is offering a special promotion for a 6-day holiday in Costa Rica. They decided to do direct selling via phone to 400 families.

Solve decision time bid ask mid-point benchmark : Calculate the 'decision time bid ask mid-point' benchmark? Another trader's order for 3,000 shares is executed at 2:16 PM at a price of $36.15.

Discuss two pros and cons of affirmative action : Discuss two (2) pros and cons of affirmative action and whether or not you believe it is still needed today. Provide support for your response.

Provide the required adjusting journal entry : Management estimates that the damaged units will only be sold for $10 per unit, Provide the required adjusting journal entry

What is the project profitability index : Assume the required return is 13 percent. What is the project's profitability index (PI)?

P24603 Nuclear Technology Assignment : P24603 Nuclear Technology Assignment Help and Solution, University of Portsmouth - Assessment Writing Service - Compare and contrast nuclear power strategies

User Account

All Pages

Solve decision time bid ask mid-point benchmark

Reference no: EM132618787

Reference no: EM132618787

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT