NO.PZ202212270100001101
问题如下：
Chatterjee decides to buy 10,000 shares of MPU with a decision price
of yesterday’s close at $40.00 per share and sets a limit price of $40.50 for
the order. The trading venue charges $0.03 per share as a commission.
MPU faces strong demand and prices continue rising
throughout the trading day. Angels is able to get three trades executed within
the limit order set by Chatterjee. After the third trade, MPU shares trade at
prices over the limit order and close at $40.90. Chatterjee determines that MPU
is now fairly valued and does not want to buy any more MPU shares at the
current price. The trade execution details are shown in Exhibit 1.
The opportunity cost of the MPU trade is closest to:
选项：
A.20 bps.
45 bps.
C.57 bps.
解释：
Correct Answer: B
Opportunity cost = (S – ΣSj) × (pn – pd)
= {10,000 – (2,000 + 5,000 + 1,000)}× ($40.90 – $40)
= $1,800
= 1,800*10^4/ (10,000*40) bps
= 45 bps
如题
