b$.$

i$.$ Explain why Nasdaq might have made the decision to store their share prices as

integers, rather than as floats.

ii$.$ The binary representation of ${5\mathrm{.}26}_{10}$ is estimated using the binary number $101\mathrm{.}0100$

${0010}_2$

Convert this binary number to its decimal equivalent.

iii. The stockbroker sells $500$ shares of a share worth $$5\mathrm{.}26$ each. Calculate the number of

dollars $($to the nearest cent$)$ that the stockbroker would lose if they used the estimated

value you calculated in part$($b$)($ii$)$ instead of $$5\mathrm{.}26.$