Answered: if the ask price of a stock is £5 and…

if the ask price of a stock is £5 and the bid price £3 and you have invested £100m on this stock what is its liquidation cost? a)3.5% b)0.01 c)1.5% d)2.6

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please answer fast I will rate for you sure....

if the ask price of a stock is £5 and the bid
price £3 and you have invested £100m on this
stock what is its liquidation cost?
a)3.5%
b)0.01
c)1.5%
d)2.6

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