easy · Quantitative Finance

An institutional fund needs to execute a position of 50,000 shares in a stock with a current Bid of 99.95 and an Ask of 100.05.

If the trader crosses the spread using a market order for the entire buy and then immediately liquidates with a market sell, what is the total round-trip transaction cost ignoring fees?

  1. $2,500
  2. $10,000
  3. $500
  4. $5,000

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