The Arizona Stock Exchange lists a bid price of 1.03 and an ask price of 1.10...
The Arizona Stock Exchange lists a bid price of 1.03 and an ask price of 1.10 for Kicking Bird Energy Corporation. a. At what price can you buy the stock? (Round your answer to 2 decimal places.) Ask price $ b. What is the dealer’s bid-ask spread? (Round your answer to 2 decimal places.) Bid-ask spread $
Homework Answers
Solution:
a.You can buy the stock at ask price. Ask price is the price at which the seller is willing to sell the stock which is $1.10
b. Bid ask spread = difference of bid ask rate
Bid ask spread = $1.10 - $1.03= $0.07
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The Arizona Stock Exchange lists a bid price of 1.03 and an ask
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The Arizona Stock Exchange lists a bid price of 1.09 and an ask price of 1.20 for Kicking Bird Energy Corporation. What is the dealers bid ask spread
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