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09 May 2024, 04:33
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Technological advancements have transformed stock markets, transitioning from conducting business via telephones to the instantaneous buying and selling of shares with the ease of one's laptop, computer, or mobile device.
Another significant change is the introduction of algorithmic trading, which may have improved the functioning of forex trading by removing the emotional element.
Two such automated trading systems, A and B, have been adapted to work with the shares of Prince Automobiles.
Another significant change is the introduction of algorithmic trading, which may have improved the functioning of forex trading by removing the emotional element.
Two such automated trading systems, A and B, have been adapted to work with the shares of Prince Automobiles.
1000h
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
58% (02:26) correct
42%
(02:31)
wrong
based on 760
sessions
History
Date
Time
Result
Not Attempted Yet
The maximum percentage increase in the price of a share on Day 2 compared to Day 1, at exactly the same time on both days, was at:
| 1000h | |
| 1100h | |
| 1200h | |
| 1300h | |
| 1500h |
ATS A generates a profit on each day.: Supported
The profit per share on both days from the ATS that gives profit is the same.: Supported
The range of the price per share is greater on Day 1: Not Supported
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
41% (02:42) correct
59%
(02:32)
wrong
based on 752
sessions
History
Date
Time
Result
Not Attempted Yet
For each of the following statements, select 'Supported' if the statement is true according to the information provided. Otherwise, select 'Not Supported'
| Supported | Not Supported | |
| ATS A generates a profit on each day. | ||
| The profit per share on both days from the ATS that gives profit is the same. | ||
| The range of the price per share is greater on Day 1 |
ShowHide Answer
Official Answer
ATS A generates a profit on each day.: Supported
The profit per share on both days from the ATS that gives profit is the same.: Supported
The range of the price per share is greater on Day 1: Not Supported
On which day did ATS A generate more profit per share sold?: Yes
What is the total loss incurred by ATS B over the two days?: No
If an equal number of shares were traded at 0900h on each day by ATS A and ATS B, what was the combined profit or loss over the two days?: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
32% (01:14) correct
68%
(01:14)
wrong
based on 742
sessions
History
Date
Time
Result
Not Attempted Yet
For each of the following statements, select 'Yes' if the question can be answered based on the information in the passage. Otherwise, select 'No'
| Yes | No | |
| On which day did ATS A generate more profit per share sold? | ||
| What is the total loss incurred by ATS B over the two days? | ||
| If an equal number of shares were traded at 0900h on each day by ATS A and ATS B, what was the combined profit or loss over the two days? |
ShowHide Answer
Official Answer
On which day did ATS A generate more profit per share sold?: Yes
What is the total loss incurred by ATS B over the two days?: No
If an equal number of shares were traded at 0900h on each day by ATS A and ATS B, what was the combined profit or loss over the two days?: Yes
Attachment:
Prince Automobiles shares.png [ 20.9 KiB | Viewed 5829 times ]
25 May 2024, 10:11
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Q.1 The maximum % increase in price of share on Day 2 compared to Day 1 at exactly the same time on the two days was at:-
We have to look at the increase on Day 2 when compared to same time on day 1. So, at 0900h on day2 over 0900h on day 1.
Scan the graph for the maximum gap between two lines where yellow line is the lower line.
Two such points are at 1000h and 1500h. But we are looking at maximum % increase, so look which point has lower value on day 1 as that will be the reference point on which increase is made.
increase of 50 on 10 would give higher % than increase of 50 on 20. Hence, 1000h is the answer.
Q.2. For each of the following statements, select Supported if, according to the information provided, the statement is true. Otherwise select Not Supported.
(a) The ATS A gives a profit on each day.
The ATS A buys shares at 0900h and sells half of it at 1200h and 1500h, so they are sold at an average of the prices at these two times.
Day 1: Buy - 120; sell - (120+140)/2 or 130...Hence profit of $10 per share
Day 2: Buy - 130; sell - (120+160)/2 or 140...Hence profit of $10 per share
Supported
(b) The profit per share on both the days by either of the ATS giving profit is the same.
ATS A gives profit on each day and is equal to $10 on each day. Hence, supported.
(c) The range of the price per share is more on Day 1.
The lower point of each line is at 110 but the higher point on Day 2 id 10 more than tha on day 1. Hence, the range will be higher on Day 2.
Not supported
Q.3. For each of the following statements, select Yes if the question can be answered based on the information in the passage. Otherwise, select No.
(a) On which day did ATS A give more profit for each share sold?
ATS A gave the same profit of $10 per share. So, YES
(b) What is the total loss incurred by ATS B over the two days?
We do not know the exact number of shares purchased by the ATSs, so NO.
(c) If there were equal shares traded at 0900h on each day by ATS A and ATS B, what was the combined profit/loss over two days.
The activity done by A and B is opposite of each other at exactly the same time and for same amount, so the overall profit will be Zero...YES
We have to look at the increase on Day 2 when compared to same time on day 1. So, at 0900h on day2 over 0900h on day 1.
Scan the graph for the maximum gap between two lines where yellow line is the lower line.
Two such points are at 1000h and 1500h. But we are looking at maximum % increase, so look which point has lower value on day 1 as that will be the reference point on which increase is made.
increase of 50 on 10 would give higher % than increase of 50 on 20. Hence, 1000h is the answer.
Q.2. For each of the following statements, select Supported if, according to the information provided, the statement is true. Otherwise select Not Supported.
(a) The ATS A gives a profit on each day.
The ATS A buys shares at 0900h and sells half of it at 1200h and 1500h, so they are sold at an average of the prices at these two times.
Day 1: Buy - 120; sell - (120+140)/2 or 130...Hence profit of $10 per share
Day 2: Buy - 130; sell - (120+160)/2 or 140...Hence profit of $10 per share
Supported
(b) The profit per share on both the days by either of the ATS giving profit is the same.
ATS A gives profit on each day and is equal to $10 on each day. Hence, supported.
(c) The range of the price per share is more on Day 1.
The lower point of each line is at 110 but the higher point on Day 2 id 10 more than tha on day 1. Hence, the range will be higher on Day 2.
Not supported
Q.3. For each of the following statements, select Yes if the question can be answered based on the information in the passage. Otherwise, select No.
(a) On which day did ATS A give more profit for each share sold?
ATS A gave the same profit of $10 per share. So, YES
(b) What is the total loss incurred by ATS B over the two days?
We do not know the exact number of shares purchased by the ATSs, so NO.
(c) If there were equal shares traded at 0900h on each day by ATS A and ATS B, what was the combined profit/loss over two days.
The activity done by A and B is opposite of each other at exactly the same time and for same amount, so the overall profit will be Zero...YES
General Discussion
thanks again! 
