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Question 28 : The difference between the quoted buy and sell price of a stock is referred to as the spread of the stock. The average spread of the stocks is lowest on

- Monday
- Tuesday
- Thursday
- Friday

Monday

Valid until 1st Dec

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Day | Monday | Tuesday | Wednesday | Thursday | Friday | |||||
---|---|---|---|---|---|---|---|---|---|---|

Quote | Sell |
Buy |
Sell |
Buy |
Sell |
Buy |
Sell |
Buy |
Sell |
Buy |

Dabur | 460 | 462 | 455 | 458 | 432 | 433 | 444 | 447 | 461 | 462 |

Marico | 345 | 346 | 335 | 336 | 365 | 368 | 372 | 375 | 372 | 374 |

HUL | 1931 | 1933 | 1952 | 1955 | 1979 | 1981 | 2044 | 2048 | 1966 | 1969 |

ITC | 237 | 238 | 238 | 239 | 246 | 251 | 221 | 225 | 253 | 256 |

Britannia | 3044 | 3046 | 3100 | 3101 | 3110 | 3115 | 3025 | 3027 | 3140 | 3144 |

= \\frac{2 + 1+ 2 + 1 + 2}{5}) = \\frac{8}{5})

Tuesday = \\frac{(458 - 455)+(336 -335)+(1955 -1952) + (239 -238) + (3101 - 3100)}{5})

= \\frac{3 + 1 + 3 + 1 +1}{5}) = \\frac{9}{5})

Thursday = \\frac{(447 - 444)+(375 -372)+(2048 -2044) + (225 -221) + (3027 - 3025)}{5})

= \\frac{3 + 3 + 4 + 4 + 2}{5}) = \\frac{16}{5})

Friday = \\frac{(462 - 461) + (374 -372)+(1969 -1966) + (256 - 253) + (3144 - 3140)}{5})

= \\frac{1 + 2 + 3 + 3 + 4}{5}) = \\frac{13}{5})

We can clearly see that the average spread of the stocks were lowest on Monday.

The question is **" The difference between the quoted buy and sell price of a stock is referred to as the spread of the stock. The average spread of the stocks is lowest on " **

Choice A is the correct answer.

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