QUIZ 1

Question 1

The minimum tick size, or the spread between prices in the Treasury bond market, is:
Options:

1/8 of a point
1/16 of a point
1/32 of a point
1/128 of a point

Answer 1

1/128 of a point

BUT T BILLS ARE PRICED IN 32nds

Question 2

Explicit costs of a stock IPO tend to be around _______ of the funds raised.

Answer 2

7%

Question 3

A —– order is executed at the lowest available price among the sell orders because it needs to be filled immediately at the best (lowest) available sell price.

Answer 3

market buy