You are a principal trader. Your trading limit is 20,000 shares. Your current position is long 9,000 shares. You want to maintain a long position. A client wishes to sell 10,000 shares to you.
From only the choices below, what price should you make?

Question

You are a principal trader. Your trading limit is 20,000 shares. Your current position is long 9,000 shares. You want to maintain a long position. A client wishes to sell 10,000 shares to you.  
 From only the choices below, what price should you make?

Accepted Answer

A bid that is slightly higher than the current market bid

Answer

An offer that is slightly lower than the current market offer

Answer

A bid that is slightly lower than the current market bid

Answer

An offer that is slightly lower than the current market bid

Answer

An offer that is slightly higher than the current market offer

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You are a principal trader. Your trading limit is 20,000 shares. Your current po...

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