medium · Market Microstructure
A pension fund needs to buy 200,000 shares of a stock quoted at $50.00 bid and $50.06 ask. They successfully cross 40,000 shares in a midpoint dark pool and execute the remaining 160,000 shares on a lit exchange at an average price of $50.07 due to market impact.
What was their total average price?
- $50.062
- $50.060
- $50.050
- $50.030
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