Question: Back to Assignment Attempts Keep the Highest / 4 5 . The stock market A stock market is a market for trading a company's stocks

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Attempts Keep the Highest /4
5. The stock market
A stock market is a market for trading a company's stocks and derivatives.
The difference between the price at which a dealer will sell a certain security and the price at which a dealer will buy a security is called the
Jorge, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Adele, is willing to sell 1,500 shares of the same stock. Unfortunately, Jorge and Adele don't know one another and must complete their transactions using the stock exchange's market-making dealer. XYZ's market maker is willing to sell her shares for $30.50 per share and purchase additional shares for $29.50 per share. Select the most appropriate values in the following table:
\table[[Term,Value],[Bid price,],[Ask price,],[Bid-ask spread,],[,]]
If the market maker is willing to purchase the entire block of 1,500 shares from Adele and, from that block, resell 1,000 shares to Jorge, then the market maker's net profit from Jorge's transaction-excluding any inventory effects-will be
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