Wednesday, November 14, 2012

Exam Question



When a floor broker asks a specialist, “How’s PDQ?” The specialist replies “59.20 to 35; 6 by 11.” If the specialist trades to narrow the spread, what is the lowest bid that the specialist may enter?
A. 59.19
B. 59.36
C. 59.34
D. 59.21

Answer => http://www.investopedia.com/professionals/questionoftheweek/series7/010606.asp

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