ZuoTi.Pro
Question

The Arizona Stock Exchange lists a bid price of 1.09 and an ask price of 1.20...

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

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Calculation of dealers bid ask spread:

Bid ask spread= ask price- bid price

Bid ask spread= 1.20-1.09= 0.11

Bid ask spread is 0.11

0 0
Add a comment
Know the answer?
Add Answer to:
The Arizona Stock Exchange lists a bid price of 1.09 and an ask price of 1.20...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • What is the bid−ask ​spread? A. the rise or fall in the value of a stock...

    What is the bid−ask ​spread? A. the rise or fall in the value of a stock between the time it is acquired by an investor and sold by that investor B. the difference in price available for an immediate sale of a stock and the immediate purchase of the stock C. all of the costs and fees that a stock exchange charges in order to process a transaction D. the difference in the selling price of a stock between different...

  • Your broker quotes you an ask price of $21 for Stock XYZ and a bid price...

    Your broker quotes you an ask price of $21 for Stock XYZ and a bid price of $20. Which of the following is a FALSE statement? A. It would cost you $20 to purchase one share of the stock. B. You could sell one share of the stock for $20. C. The bid-ask spread is $1. D. It would cost you $21 to purchase one share of the stock. E. Your broker makes money by selling the stock for more...

  • A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936...

    A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936 per yen for its wholesale customers. What is the bid/ask spread in percentage terms? Bid/ask spread = Ask rate − Bid rate Ask rate = 0.00936 − 0.0093 0.00936 = 0.641% = 0.00641 Part 2 If you convert $29,000,000 to yen and then back to dollars, what is your total round-trip cost (in $)?

  • Question 5: The spot ask exchange rate is $1.90 = £1.00 and the spot bid exchange...

    Question 5: The spot ask exchange rate is $1.90 = £1.00 and the spot bid exchange rate is $1.89 = £1.00. If you wan to buy $10,000,000 worth of £, and ten minutes later, you want to sell them. How much money would be lost due to the bid-ask spread? (8 points)

  • Based on the bid-ask spreads for Stock X & Y, the NASDAQ is more liquid than...

    Based on the bid-ask spreads for Stock X & Y, the NASDAQ is more liquid than the NYSE while Stock Y is more liquid than Stock X. Evaluate the underlined words in italics. True or False? Hint: Calculate spread as a percentage of the midpoint of the bid-ask quotes. A. True B. False Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask Company Y mpom $ 127.88 | $ 128.12|$ 127.70 | $...

  • Suppose the spot ask exchange rate, sa ($£), is $1.90 = £1.00 and the spot bid...

    Suppose the spot ask exchange rate, sa ($£), is $1.90 = £1.00 and the spot bid exchange rate, S($1£), is $1.89 = £1.00. If you were to buy $10,000,000 worth of British pounds and then sell them five minutes later, how much of your $10,000,000 would be "eaten" by the bid-ask spread? Multiple Choice O $1,000,000 O $52910 $52,910 O $100,000 $52,632

  • Assume you are a French investor. You see that stock for British Airways has a bid...

    Assume you are a French investor. You see that stock for British Airways has a bid price of EUR 36 and an ask price of EUR 36.5 on the French exchange, a bid price of GBP30 and an ask price of GBP30.1 in Great Britain; and that the EUR/GBP bid-ask rates are 1.20 - 1.25. How much would you gain or lose by buying the stock in France and selling it in Great Britain? A gain of EUR1 A loss...

  • 4. Suppose Hewlett-Packard (HPQ) stock is currently trading on the NYSE with a bid price of $28.00 and an ask price of...

    4. Suppose Hewlett-Packard (HPQ) stock is currently trading on the NYSE with a bid price of $28.00 and an ask price of $28.10. At the same time, a NASDAQ dealer posts a bid price for HPQ of $27.85 and an ask price of $27.95 (a) Is there an arbitrage opportunity in this case? If so, how would you cxploit it? (b) Suppose the NASDAQ dealer revises his quotes to a bid price of $27.95 and an ask price of $28.05....

  • e the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask...

    e the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask CompanyX CompanyY $ 149.55 150.45 149.87 150.13 y YS 127.88 S 128.12 127.70 S 128.30 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares...

  • Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask...

    Use the following exchange quotes to help answer problems 18-19. NYSE NASDAQ Bid Ask Bid Ask $149.55$150.45$149.87$ 150.13 $127.88$128.12127.70 S 128.30 CompanyY 18. Currently you have $120.00 in cash and 1000 shares of Stock Y in your brokerage account. You plan to sell your 1000 shares of Stock Y and use the proceeds to purchase as many shares of Stock X as possible. Assume you cannot borrow or buy partial shares of stock; you will also buy or sell at...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT