What is the spread for this security

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Reference no: EM133091519

Question - Answer the following question using this order book: Order Book Example

Buy Orders (Bids)

Sell Orders (Asks)

Amount

Price

Amount

Price

63

$42.15

3

$42.16

36

$42.12

68

$42.22

112

$41.99

113

$42.25

3

$41.88

9

$42.44

Required - What is the spread for this security after an investor submits a sell order for 185 shares at $41.87?

a) 0.01

b) 0.29

c) 0.28

d) 0.17

Reference no: EM133091519

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