Question: Why is the correct answer not D? Question 1 The following table gives the daily volume profile for XYZ. A fund manager wants to sell

Why is the correct answer not D?

Question 1 The following table gives the daily volume profile for XYZ. A fund manager wants to sell 20,000 shares between 9:30 and noon, and seeks to sell using VWAP algo. How many shares should she aim to sell in the first of the five 30-minute intervals? Interval Average Volume 9:30 26,000 13% 10:00 24,000 12% 10:30 22,000 11% 11:00 16,00 3% 11:30 12,000 6% 12:00 10,000 5% 12:30 10,000 5% 13:00 10,000 5% 13:30 10,000 5% 14:00 10,000 5% 14:30 10,000 5% 15:0 16,000 8% 15:30 24,000 12% Total 200,000 100% A. 1,300 O B. 2,600 O c. 5,200 O D. None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

The following table gives the daily volume profile for XYZ. A fund manager wants to sell 20,000 shares between 9:30 and noon, and seeks to sell at VWAP over that period. How many shares should she...

The following table gives the daily volume profile for XYZ. A fund manager wants to sell 20,000 shares between 9:30 and noon, and seeks to sell using VWAP algo. How many shares should she aim to sell...

the following table gives the daily volume profile for XYZ . Aafund manager wants to sell 2 0 , 0 0 0 shares between 9 : 3 0 and noon, and seeks to sell at VWAP over that period. how many shares...

The following table gives the daily volume profile for ABC. A fund manager wants to buy 5 0 , 0 0 0 shares between 9 : 3 0 and 1 2 : 0 0 pm , and seeks to buy at VWAP over that period. How many...

Briefly discuss the cost-volume-profit analysis model and how it is used. Use the attached PDF. APA Citation. 300 words. REVISED PAGES 3 Chapter Three 1 Fundamentals of Cost-Volume-Prot Analysis...

The last exam will cover these 3 tests plus a few small quizzes. The attached should give you a good idea of the material. Let me know if you have any questions. You can see which I got correct with...

Need help with the 70 multiple choice questions for final exam - if you can, please provide explanation for harder questions. A s ae o . s h r d n. . Surname: ______________________ Q1 Given names:...

Hello there nice to finally meet with you again. I am needing help with a final in securities and investments. Instructions: Write your name and student number in the spaces provided. Please write...

Answer All the questions (a) The International Accounting Standards Board's framework for the presentation of financial statements prescribes for recognition of assets only when two conditions are...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

A: Correct the following sentences : - While Ahmed walked in the street, he was seeing Naji. - The teacher entered the class while the students talked loudly.

During the first quarter of 2018, Berkshire Hathaway purchased 75 million shares of Apple, Inc.'s stock. For illustration purposes, assume that all shares were purchased on January 2, at the closing...

The Whitmer Trust operates a manufacturing business and distributes the profits to its income beneficiaries. Whitmer also passes through to the income beneficiaries the data needed to compute their...

Demonstrate Modigliani and Miller's proposition about the relationship between leverage and stock price by calculating the share price of a levered firm based on the following information. As an all...