hard · Market Microstructure market-impact
A meta-order is completed with the following parameters: M₀ = $10.00, M_T = $10.05, and P_avg = $10.08.
If the total implementation shortfall was 80 basis points of the total value, what was the opportunity cost associated with unfilled shares?
- $0.08
- $0.03
- $0.05
- $0.00
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