In 2019, Swiss tennis legend Roger Federer invested in a local shoe company, On Swiss Performance...

 

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In 2019, Swiss tennis legend Roger Federer invested in a local shoe company, On Swiss Performance Running Shoes, and received common stock. On September 15th 2021, the stock ONON went through its initial public offering (IPO) on the NYSE. A few days after the IPO, here was the bid/ask spread: bid $35.08 @ 900-ask $35.15 @ 1800 If Roger decides to sell a small quantity of his shares, what price will he receive? a) $35.15 b) $35.11 c) $35.08 d) $35.12 In 2019, Swiss tennis legend Roger Federer invested in a local shoe company, On Swiss Performance Running Shoes, and received common stock. On September 15th 2021, the stock ONON went through its initial public offering (IPO) on the NYSE. A few days after the IPO, here was the bid/ask spread: bid $35.08 @ 900-ask $35.15 @ 1800 If Roger decides to sell a small quantity of his shares, what price will he receive? a) $35.15 b) $35.11 c) $35.08 d) $35.12

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A bidask spread is the gap between the ask price and the bid price of an asset in ... View the full answer