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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

1. Monday
2. Tuesday
3. Thursday
4. Friday

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Explanatory Answer

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

Monday = \\frac{(462 - 460)+(346 - 345)+(1933 - 1931) + (238 - 237) + (3046 - 3044)}{5})
= \\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 "

Hence, the answer is Monday

Choice A is the correct answer.

 

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