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"You are an institutional investor interested in selling a certain security that is traded in an OTC-market. You have the following two quotes from dealers. Dealer R bid $6.85; offer $6.90: Dealer T bid $6.86; offer $6.92 If you wished to sell the security, which dealer would you sell to and what price?" O Sell to Dealer R at a price of $6.85 O Sell to Dealer R at a price of $6.90 O Sell to Dealer T at a price of $6.86 O Sell to Dealer T at a price of $6.92 O sell'at the average of Dealer T prices $6.89

Expert Answer

Solution:- Bid price means the price at which the dealer is ready to buy the security and of…View the full answer

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