NO.PZ2015121801000049
问题如下:
With respect to trading costs, liquidity is least likely to impact the:
选项:
A. stock price.
B. bid–ask spreads.
C. brokerage commissions.
解释:
C is correct.
Brokerage commissions are negotiated with the brokerage firm. A security’s liquidity impacts the operational efficiency of trading costs. Specifically, liquidity impacts the bid–ask spread and can impact the stock price (if the ability to sell the stock is impaired by the uncertainty associated with being able to sell the stock).
老师,流动性会让broker撮合变难,佣金肯定会更贵呀。而A,题干说的是交易费用角度,从交易费用角度,流动性是怎么影响股价的呢?