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Reading the top of the book · Part 4 of 4
A stock’s best bid is 100.00 for 900 shares and its best offer is 100.02 for 100 shares. The tick size is 0.01.
Taking the microprice as fair value, what is your expected profit per share from buying immediately at the offer?
Answer with a number. Fractions, powers and expressions like 23/6 or C(52,5) are read correctly in practice.
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