medium · Market Microstructure market-impact
An institutional trader decides to buy 100,000 shares at a decision-time midpoint of 75.00. The order is partially filled:80,000shares are bought at an average price of75.12, while the remaining 20,000 shares are canceled when the price reaches $75.60.
What is the total Implementation Shortfall in dollars?
- $9,600
- $21,600
- $12,000
- $48,000
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