Question

The bid-ask spread for Gopple Inc. is 3 cents. This means A. An investor doing a...

The bid-ask spread for Gopple Inc. is 3 cents. This means

A.

An investor doing a stock round trip will lose 3 cents per stock
B.

Dealer makes 6 cents when they buy and sell a stock.
C.

The current price is 3 cents more than the opening price today
D.

DMM sells to investors at 3 cents more than yesterday's closing price

12. You can buy shares in non-US companies in the US markets through which instrument

A.

Preferred Stock
B.

ADRs
C.

Exchange Rate swap
D.

Yankee Bonds
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Homework Answers

Answer #1

Answer 1)

he bid-ask spread for Gopple Inc. is 3 cents. This means the difference between the Buy Quote and sell Quote. I.e. If you do a round trip you will lose 3 cents.

Option A is correct.

Answer 2)

You can buy shares in non-US companies in the US markets through which ADRs. ADRs are the American Depository Receipts means any foreign securities which is traded in US is called ADR.

Option B is correct.

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