"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%3B 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 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
"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%3B 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 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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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