User Account

All Pages

Calculate the TWAP benchmark

Assignment Help Financial Accounting
Reference no: EM132613495

The market opens at 9:30 AM, at which point 15,000 shares of ABC stock trade at $35.66 a share.

  1. 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.
  2. 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.
  3. 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.
  4. Another trader's order for 3,000 shares is executed at 2:16 PM at a price of $36.15.
  5. 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.
  6. Finally the market closes at 4 PM, when the best bid and ask prices are $35.91 and $35.94, respectively.
  7. Assume that there are no other transactions in ABC stock during the day.

Problem 1: Calculate the TWAP benchmark?

Option 1: 36.018

Option 2: 32.324

Option 3: 30.028

Option 4: 39.895

Reference no: EM132613495

Questions Cloud

Description of the type of organization : Description of the type of organization you would like to develop a set of guidelines on how to initiate a system for ISO-9000 certification.
What is the transaction cost according to the twap benchmark : What is the transaction cost according to the TWAP benchmark? The market opens at 9:30 AM, at which point 15,000 shares of ABC stock trade at $35.66 a share.
What is the current value of hawaii common stock : Required: What is the current (end-of-2020) value of Hawaii's common stock, P0 = P2020.
How would you help an elderly patient adjust to the changes : Age related changes can affect the lifestyle/quality of life of the elderly. What do you think are the two most prevalent age-related changes that affect the.
Calculate the TWAP benchmark : Calculate the TWAP benchmark? 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
What amount should Lundholm record for depreciation expense : Lundholm Company purchased a machine for $103,200 on January 1, 2016. What amount should Lundholm record for depreciation expense for 2018? The tax rate is 30%
Biggest challenges to decision making is making : One of the biggest challenges to decision making is making "the best choice" describe what the "best choice" means to you as a manager.
Explain three key areas that a financial manager may get : Explain (with examples) the three key areas that a financial manager may get involved in decision making in the management of a business organisation.
Explain the importance of a research question : Explain the importance of a research question/problem. Create a clinical research question related to a clinical experience you have encountered at work/school.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which loan is the better deal

Which loan is the better deal, assuming they sell their home immediately after making ten years' worth of payments and they require a 9 percent effective

  Prepare a sales budget by quarter for the next year

Locksafe Company manufactures burglar-resistant commercial door locks. Recently, the company began selling locks on the Web. Based on this information prepare a sales budget by quarter for the next year.

  Which projects should midwest accept

What is its cost of common equity and Which projects should Midwest accept - Cost of common equity and WACC.

  What was disney''s amount of working capital

What was Disney's amount of working capital at year-end 2004?  Did it change significantly and Compute the working capital ratio at year-end 2004 and year-end 2003.  Did it improve or deteriorate between 2003 and 2004?

  Prepare the statement of changes in equity and shareholder

Prepare the statement of changes in equity and the shareholders' equity section of the balance sheet for September 30, 2023. Prepare the journal entries

  Prepare the sales budget for coopie awards

Coopie Awards produces brass plaques. They operates in 3 regions of the country. The western region sales manager estimates sales of 20,000 plaques for the region. Prepare the sales budget for Coopie Awards

  Probable future economic benefits obtained or controlled

As you know, it is from the assets or resources of the company that we can project future earning potential. Assets can be defined as the "probable future economic benefits obtained or controlled by a particular entity as a result of past transaction..

  Find cost of revenue for the next three years

How do figure a 3 year financial projection for Nordstrom for Revenue if the actual performance for 2018 is $15,860 and 2019 is $15,524.

  What is the amount of fixed costs

$24000 on revenues of $300000 the variable cost as percentage of revenues are 70%. The income tax rate is 40% what is the amount of fixed costs?

  Why do believe that some students of accounting

Why do you believe that some students of accounting have difficulty relating to the concept of accrued revenues and its application to the revenue recognition

  List out and discuss the sources of accounting principles

List out and discuss the sources of generally accepted accounting principles.

  Amount of the allowable foreign income tax credit

Dave is a U.S. citizen who works in a foreign country for a few months, earning $20,000 U.S. He pays $5,000 in tax to the foreign country. He earns a total of $80,000 subject to U.S. tax and pays $24,000 in U.S. tax. What is the amount of the allowab..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd