投资学课后习题答案Chap003.pdfVIP

CHAPTER 3: HOW SECURITIES ARE TRADED CHAPTER 3: HOW SECURITIES ARE TRADED PROBLEM SETS 1. Answers to this proble will vary. 2. The dealer sets the bid and asked price. Spreads should be higher on inactively traded stocks and lower on actively traded stocks. 3. a. In principle, potential losses are unbounded, growing directly with increases in the price of IBM. b. If the stop-buy order can be filled at $128, the axi u possible lo