Question: Only need answer to number 7, but please explain! Use the following limit order beok for questions 4,5 and 6 - for each question, use

Only need answer to number 7, but please explain!
Only need answer to number 7, but please explain! Use the following

Use the following limit order beok for questions 4,5 and 6 - for each question, use THIS book - Le. the trades are not cumulative across questions: What's the relative bid ask spread for this stock (as a decimal, to 4 decimal places)? QUESTION 6 You accidentally hit a button on your compuler and your brokerage buys 1000 shares of this stock with a matket order. You decide to sell the shares with a market order as weil. Ignoring commissions, how much money do you lose duo to your carelessness? (answer in dollars, but without the \$ sign - so if you lose \$35.40, enter 35.40 ) QUESTION 7 You place a market order to buy 1000 shares of the Question 5 stock. A fow soconds later, your cousin places a market order to soll 1000 shares of the $350 stock. No one place places any other order (market or limit). Wha tis the relative bid ask spread? (remember rel bid ask spread is (best ask-bost bid) average of best ask and best bid. Answer as a decimal, to 4 decimal places

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