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Unformatted text preview: maker/spet will sell to you) Suppose the bid/ask quotes remain constant through the next X days, and you observe the following: Day 1 last trade of day is seller initiated Day 2 last trade of day is buyer initiated Dont worry this is Day 3 last trade of day is seller initiated Day 4 last trade of day is buyer initiated Day 5 last trade of day is buyer initiated posted on Katalyst!! 1) What pattern would you observe in daily closing prices? 2) What would daily stock returns look like? Disappearing dividends...
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This note was uploaded on 02/05/2011 for the course MGMT 310 taught by Professor Matthewjamesbarcaskey during the Fall '08 term at Purdue University-West Lafayette.
- Fall '08