Mid-Price Calculation - Quant Trader Interview Question
Difficulty: Easy
Category: Market Microstructure
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Topics: mid-price, market-microstructure, order-book, mental-math
Problem Description
You are monitoring the order book for a highly liquid stock. The best bid is at 100 dollars and the best offer (ask) is at 100.02 dollars.
What is the mid-price of the stock?
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