Question: Question 1 (10 points) Saved Ticker IBS is traded on the Pacific, Gulf and Atlantic stock Exchanges. The sequence of bids in the consolidated

Question 1 (10 points) Saved Ticker IBS is traded on the Pacific,

Question 1 (10 points) Saved Ticker IBS is traded on the Pacific, Gulf and Atlantic stock Exchanges. The sequence of bids in the consolidated record is: Time Exchange Bid 10:00:01 Atlantic 23.33 10:00:02 Pacific 23.32 10:00:03 Gulf 23.34 10:00:04 Pacific 23.40 10:00:05 Gulf 23.45 10:00:06 Pacific 23.44 10:00:07 Atlantic 23.43 10:00:08 Gulf 23.40 Construct the NBB at each time stamp.

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