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Below are some listings of bids and some listings of asking prices for a Hulltopia stock:...

  1. Below are some listings of bids and some listings of asking prices for a Hulltopia stock:

Bid      Quantity                             Ask         Quantity

54.37 1000                                    54.50     300

53.89 3000                                    54.75     400       

53.50 1500                                    54.80     400

53.20 4000                                    55.01     6000

A. What is the bid-ask spread?(online fill in 3)

B. What is the total cost of buying 2000 stock? What is the average price paid for each stock?

C. Which action and why will lead to a larger dollar change of Hulltopia’s current stock price, a purchase order of 1500 stock or a sell order of 1500 stock? (Calculate prices)

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