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

Accepted Answer

An offer that is slightly higher than the current market offer

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

A bid that is slightly higher than the current market bid

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

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