{"id":94899,"date":"2020-03-11T19:47:55","date_gmt":"2020-03-11T19:47:55","guid":{"rendered":"http:\/\/ampnvolt.com.my\/?p=94899"},"modified":"2022-12-13T11:09:12","modified_gmt":"2022-12-13T11:09:12","slug":"bid-and-ask-definition-how-prices-are-determined","status":"publish","type":"post","link":"http:\/\/ampnvolt.com.my\/?p=94899","title":{"rendered":"Bid and Ask Definition, How Prices Are Determined, and Example"},"content":{"rendered":"<div id=\"toc\" style=\"background: #f9f9f9;border: 1px solid #aaa;display: table;margin-bottom: 1em;padding: 1em;width: 350px;\">\n<p class=\"toctitle\" style=\"font-weight: 700;text-align: center;\">Content<\/p>\n<ul class=\"toc_list\">\n<li><a href=\"#toc-0\">Best Vertical Spread Option Strategy<\/a><\/li>\n<li><a href=\"#toc-1\">Effective spread<\/a><\/li>\n<li><a href=\"#toc-2\">The Bid-Ask Spread<\/a><\/li>\n<li><a href=\"#toc-3\">Bid-Ask Spread:<\/a><\/li>\n<\/ul>\n<\/div>\n<p><img decoding=\"async\" class='wp-post-image' style='display: block;margin-left:auto;margin-right:auto;' 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EgKWoeQ9KZdjszs2YlhKdlbqJ8gKsnwksTM9bMKI0nuioJ8PUn1NVXVOqDR1kk9hEVoX4kmaI0m0IvsVqhpjQ2U7KCd1\/EmvNYXZFrR7Lb44lusp2cV+7bPrjpTpv11Y0tanmGHe6iwm\/27v9I433qr0zWWpuKesVae0yXGoC3EoWUDG2fX1NcE6vr31t5YnjPEu6KQq8iadRsas1rLkOTL9KaisE8xaXyt49MDrTAvLVp5F2eDmY40PHnJxn1qxXE2ywdF6diaNt7qBc5qEtgeaSfeWT8KQ9G8CX5LLaGP2jriuqk7r\/AKxqhsDZ7yT5W9d3tK+2uw6hutxbtkcrKQPE00nCEI9VGnBcLRpG13BiwoiNTpyiAp1aAA2T6Gp84naMt3DjTwtWnmA5dZQw8+gZUVEfwFR1o7hTcW3Gbzewp52QrmVzDofSiOpIODDTRtbysbVw0fpx8fq++hxhvqhbTgOx\/q0jWjTsfSN7Jt70tmMVeB5pzKceRUg5FSjrXh7KcC5TSFkY90DyrHROklXGO5aZkcl9pBxzD30Z\/jS1uDcQNpWqPIjm0rxJbZbbteo5CH2V4CXVI5QfqKkBmHAeUi62eQlxpRGCggpV\/VV8fjTDhcLZE1uTp11gd6G\/aILg6rA6p+YpDsF2vvDXU6LbcQpcCSrlcQoYOfh5GpNdpB7SO1cm6\/6GtWtNP8hZSiTHBXGfx4m1ebZ+BphL0clm3PRpUXxhJTkjzFS\/ZZbbTbUxoD2OaEhwk+6D7q8fxorra0pioExJBCjyrHz866H4W675J\/CWng9pUa+guu4dxKn3rh\/NenOLYaVy5OMCkOZoycyCHAoY2NWiiWeO6VFbQO9M3XdqhxW1LSkJPU7V02vUZwJnhqRu2mVwm6VWDhYJ+lIlwsBjJ5s\/lUrSzGVkimXqRSEpJT1qWr7uJKqtyeIxy0MnwihWxZVzmhTu0SZmQ\/IUWVAFQKicEUpRGFkt4V725xSfdeQ3DmSBgGrA8D+E9i4h2CVKfdCZLSSEpBrzaz7RkxpULHAke6DkNxtVwu6P+03+1O7X8gltBJP76kWTo5\/SesWUF4kNySgA+lHNauFTCCST+2omweREH\/tjClHl1AwfVQNODXQ763ME77DFNyYtJvkcjyUBTn1bHdkwYrTI8SylI3wMnpTijmIbiS12Quz9dOOt9XZlS1wrJb0pduUhPXlJ8LaD\/SVg\/IAmr48W+IHCPsjcKE6UtenYEZTrRRCtsFWZExzH7xw+8onzWaa\/CnRLnZD7NMu6CRFn6hlQnrxMdScth3ucttg+aU4A+JJPnVMEMan1lqCRr\/Xt7fu14uOSpx5WUtJO\/KhPRIHkBV\/0jordVcovAHcyFreojQoGbv7RG4hdoXiJxBgIiu6aFqiNKWtDba1EknoVKV1P5DFHuEzWpGtLt3SVDDb0RwIS0sfvGTuOb7ml+waC\/wAM9XWzTaAEolPDvVK2AbG6vyGKnyRwybs0yTDixwY6kpRgDp4cD+Aqn8XdL03Q2XT0EliMn6e3+eZe+GdZd1PN93CjgfX3iRY9VtTrUlqDosNTvC33\/NgZPnnOTSdo67Wy68Q7wyFh69aciYdiuApcDKiCtxsE+IE8o239etP\/AEvaI7bimGmSt5sApQE436U3+D3CmTduMWqOJLzam2ov+bklYwFuZBUMfAAfcVlOmU\/iriH7Ymk6teaKRt75jE49XJWn9JXGbcmHo0yYyWmWlpIzz4wPmAM1ShxalZUMgk53Nd3LfpbQ2pNOi16s09bLxHdGHWpbCHB+YyPpVUu1N+jr0dddKz9ccAIS7beICFyZFjLhU1KQBkhnPuL64HQ\/nWn0ulXSAqp7mZXUahtQ25hiczGFIcBUtwlWelbigeQ29aJJUuC841MbU242opWhacFKgcEEeRzW\/wBsbd8LYCs+QqUDI8f+juJt44ZW+BKtsJt9Lri3VpJKSoZwNx8qJ68416s4p3tN21JIHdMt91HipJ7tpPoB8aTX2DM0rFkrQEmI8ppQP9FW4ovobQL2vNYwtKw7kxAfuSlNsOP55C5glKT6Zxiks\/kguO3vC3cer2kp9mzjTdOGGu46YDftEC+KRBnw1k8q0qUMKHoQTXXA6qft2icxbTIKlRf2SQknqNq5Y8M+x7xfg8TLYnUNqbiWy3y0SHpqXAtC0oUD4fPfFdVmtQWwWZhpbqEJbaCNx6CsN4jAXVrdRp97MvJGfbtnHEh6kheVnEjtA3y+3jiTf5N\/LiZAmuJCF5yhOdh9qfHY75T2hOFxUN\/8JoOD\/wDVFb+3naLTauN0yRZ15auLSX1jlwArpt9KLdjyQg9oXhagI3OpoA\/8QVotJab9NXZjaSBx8SXSc1gyYu1+nPaW4if74X\/cRUO93tt51M\/a8SD2luIQI63hf9xNQ6pPKMivRXSmxoaR\/wCK\/abimvNKn9hC3IAreskoSFAkDavXAdjRVTqh51ZYz2lBqxiwx06SXzT+VKBg+AnyxVoODsdiy6YlakUkJeClJa26486rHw2WiTeDbzst\/wBwn1qyz8luDpuLZIiiFAJbVy9CfOuZeOdV5KikHk\/aPaKvcd084036XE4axkN\/vbwVEjO\/rn8vzpC7M7Voi3oyJaEExEF90gdXMfypK7SV3Xb9M6UUgE922prl9FDz+1N7gZfUvwbxco6leNBQM+WBvXLLPSeZaIu8lZJstxOtteT75KJU20stMpPoD\/M1MdgejWC1GT+7eUjcnyHpUQaAiKTH9qKfG4sr3p0T7tIvdwj6fiqJCcd9ynyqMGBOJcWUjYEWbhZZuu9QrubyVGJHPgHLtmnI5olTCA6lB5EnpjbNPnSVuhW6M3BjMAeHqfM+ead8hq3JiAKZB9QKe\/CBvUYhbTUQoEga5WAKTyraGw9M0xrjHe0td4d7jN4THfBeQlPvtHZQ\/PP0qctRMRG1rWynA3AqOr3CTPc5XG8pGx28qg2DynyJJYLapjqVIsUlTNxhuoQtoofZWjzSoeIVGnaDtNvVbm71FKCttRdSceZ615BlqhKXBDh5GuZCMn8PlTC466sfjWO3W7vcpkvEYPklKc\/xqcjqUBEo7KTW2JOHCiWi+6Ctsp0IK1N92QfMeQpxXkKMH2KQ2lxDjZAJ9PL7VHfAS5GHom2suAK5lBSR9ael4npdiXBglQXbpClD+wrr+ZqYlpoZbV7iQ7E3ZUxjT7s7Y\/A8NlHYk1FvEPUrkk90y9zc3UelP7XZcuemZEqGlKn4niJz1T51We\/X2WXzlWQPjXZfD2tHUqFs9xKm\/QUV+vHMV0B9\/JLgO+9JF9gvFslfSk5jVqow8YyDRefqpUwcicDNa9ExzKkLtbiJLsRwuKx60KMpkhQCjjehS8R\/+J8SOX9OxnNLIuexe5sKxUz8MLpF0Hps3a1LX3jrXjSDsTUWQEqc07Mg5JLZOKc2m3XVaPMTdSikpFebyPaHnEV47T+rko1NMdPMZZUB6eI0ha1HK2pPkHqXdJM3S32BqO83lBkE\/LxUi65GG3Dj\/a0kr8RsSNpp5b01j+kP41JcO3t3y4WWzP7InS2WFH+qpQB\/LNRrctrw0eniTj71MvD5jn1dp90RDJ9ncMgo\/sJJz98UpYTcy3l\/n6ikcEnrBqzMi3NW5+O1Na3UyyMpQh0eoSE79KrTbp3czkWoL5wEcyVZ6g4xVreE13jajsF0sNzWl2K+8+2EqGf2biQeU\/fH0qlEtm6aa4iz7M57RLTbVuMd4wgr7tKFlOV46Dp16VvPCmsShXVvciUXXdMbtpX4Ml\/QmpbLozU\/63v8WS4yWuRC2Ug8hJ3JB+FWRsmq9LXxUaRGvjTiZKAphsrBKwfh12qtLVreudpYkzre\/EXJZCwh5pSCtPQLTkDIONiNqj28wbppG5sToj77LTboUlSVHwHPkfKp3iPwjpuvONarkNjuOQQO0a6H4lv6QPwrJkD2PBl+47NuguyLqtSUhLeCeUY23ApxcIGYEzh\/b7hISO8u6nbitYHUuuKUn7J5R9Kp5atTakkWWQYl+kqalskOftSebI\/Krc9nd4P8E9FvvZKkWllvJ3zy5T\/KsZf4Vfw2A5sDhuBgY\/eaMeJE64SioVK9+ZJMBtMVzkZCh8hR6dcTGZDKscjmE9SCATuPkfStBeAbUnmHeDoQKQtRzpyERQyz7S6pY5EHbf1J9Ki94c5SdtThmxoDtC6jjW63lMG7LTdmAkbDvhzLAH9rm+9QdHgpW5yBlaVE4xg71cD9JQsweIWlZq5Aclv2lYkOJHh5g5skH4A1WDhpqa3QNc2mZeC2qK0+FKDgynPln60TPsBOItE3uF+Yp2qyz2dN3dqZBkJZ7tDiC4ggcwPkT8KLaKnJser7JfFKKBAnsPqV6JSsE\/lmrtQdd6bv+k5UZcWyuhA\/dymQWXQegJHumqocRdGp03OfuEhVtjJmO80eNEkhxICj5egqENQurRq2GMgydqumnTjcDkTpbee0NwgsmgJN+iX+A857LzpQHAVFXL0xTi4J8VtAcU9AwtQNT4YWUYcaWoBSFeYIqgtq7OnCSz2e3O8ReJL8SbPjIlLisYAbChkD7VIOkuHXZU09HCbbxLvKucgrbROU0FfMAisNb4NsrpLVWOzZ74zx\/n\/eZry0Iwrdo3v0n9s0wbhpy72SRDcfUVNudyQSRjzx8qgzscj\/ALRnCzB\/9p4H\/wCUVcdPDvso3wtmVCTd1IPgVLmqXj7mlPTOiOE1l4ycNnNCaLt8Z1vUEQl5hQPIA4MGtl0Tot+l0a02k8ZOSD9ZMoK01AbsmQz2vEZ7S3EI5x\/nhf8AcTUPcg8zUv8Aa7Ur\/GW4hEA\/64X\/AHE1EGT1NehulfyFP9q\/YTotA\/gL9B9oWdOE0mPKOSBSnISO7JpLdO5NWYmX1rYtIkgcGremVqcS3EkpitKXnyBxtUxzbouPKhsheVqXzFPwFMThFFRbNPvTnFDmmEY26JFKKp6p9\/elsZUxHbKObyBrgXjnqQ1XWGRey4H\/ALlroE21ZMM8eZYvmi0yznmhOqKPTlUMUzeAauTRk9TbhyXy2ketGdcXRU3h1ekuOjmjqSAAdyObP\/WivCBgwdIs90vBkvlSQeoPxrMWsGkynizIk+wZRtVrZZbX4ggDA6lR8qkrh9oiRZ4f6xuLQM2Xhxwnflz5VWm7ahcXdWYzWq7bCkW8h9SJDwSHFfhT\/Onfp7tIa6juiNINvurQ2UWCCQPXakVVZbdJ\/wCJ5wZa63pQ0UrG2KXpCEKjJAc8RG4zUQaK1vK1LCTNDfJzHdAVnFKeq+II06wuc+6QhpHujqalG0LxFGosciLd9jKJUFAgfGmjLiBBWrAqHNTdqi5yJJYt9oWUE8oKkkn8hRK2cYdaXFYc\/VBW2rcJdSUAj5mollPm8iKW1E9OY5b4pDNzcXkAY8jUIcc5Zn33TVvRuhIW64OvXAH86kXUeo3JPLJehOw3Fe8lXQn4GoynIc1NxIt8dPjRHaQFeg8zUZSVbaYxqAH9QlgdHvfqqDbITYADTDa8AYHkaW2b0mZqq+slQKCeRxGfwkCmzbZjbbnKnBy42yj5DrTX0zqbveKuooK3R3Lr5ZQR8sfxqyR8gCVzLmO79nGceZXyqQ4ChSR0I6VV3iVA\/U+pZUdCj3Z3TVlLwVIYL+f3TndrHpVfeNhSb22tI95PWuj+BLsahq\/Yyu1wASRqVlZI9K8SSFAA9TWCcjITQHWutBTKHGWi+ww2WkkkZxQpKTJcSkJydqFK2xfMK2y3dxbp0h5R53iSE049IQm02VPfuYVnODRg2+JkpWvw+nlSjDjQUthsKwnyxXm7EZLExYZSy3Ykcih4XdvvUd65QpZez5OA1IbTTH6o5ULJw9t96ZeuowSH\/QKBpL8RIMie6pIujSh05h\/GrQdme3W+5awT7a4hKk210NFZAHMceZ+FVmuxQJ7YKTnmGDUo6T1aixXRiGw8tt12IolSDgg42GaJCCYvGe0sadUM8M51xXCu0dUiS5hppJ50pO+VHy8ule3XV8izhGqbNp6zPLk8r85yJEQlUlZ94ubeM\/E1Wi6ahfyqXIfcdXzErUo7beZp23njTFsem4\/sUKS8LgxhtxBSlCcbEnz2NSqtznYkS52jc0ki\/wDE+drO5NzZcZhtcYqaK0HKlJ8gfgM7CtxTar1DVEuTaVtuDB23qBdOX4SR7SmSpC3BzLJPU\/GnlB1LOQjlSpDoHmlea670pqtLo0oU8Af\/ALMD1CuzUahrT3j2i6QkWLncsN7UI+CSw6cjHpVyOzJKW7wQ0yoqSO6bkskdQCiS6nH5VRBWsZLbKw4Ck8p61c7saz0XTgBZn1nmU1OuDSh6H2lav\/2qh8Xuj6erb8n7S08Oq62Pu+BJtU+lKiQny60ny0qkSmAnK91ZGcUYfdZTtzgfOk52Qz+sIyVOEkqUUhBOVHasFNbKifpNtFMSdE6M1HEtiUKiTX4jriBk4WkKGfqDXOl2C4wrPd+74scu9dl+15w4uXEzgJfFWqMpUnT6EXVtoDKld3nn2\/sEn6VyUuHMsqW4Egkcu3nShXvGYkkg8zRLv1\/iW9pNlvUlmDOSA6yHD4FjYism1mZfrY3LdW4pstsrUrck5o1YIlgmpQ3cnXW+5UV92hOec+mfKvH5sdFxVNbj8raHgseoAP8A0pC0AAmKNrPgNyI7dXTLrdJqnb6+tciOgMhR8207J\/KmZ0fyhahv1BxTi1RekPsoedmIX3mCFEAeHHSmjFkB17CeUp9Qaf01qOoUcYjF1Xlscdo6rPcZjLiUtTnWiehCzU2dmu7apa7QvDdp25vOxXdSQkOJUcgguCoDQwooCk5z1FS52W7tcF9orhlEcdy2NTQQQR\/70VOazbWyn44kXywXBEkvtcp5e0rxBO\/+uFj\/AOxNRA42Mc2d6mHtc5\/xlOIIwf8AXC\/7iaiJSCRuCABXXelfyFP9q\/YTqFHNKfQfaJkjdOPjiktSHHHSlBpYkNpVRNoezv8AMpOckCrHOFmW1yHziZKuiUTbpAjW2GC220yA4v0HnTkukCLabbIgwMqeLRcUc7nFK\/CTTLb3sjDz\/dvS0lwIx+EJ3ojxZMfSuprOz3ZDNyb7jPqVZGT9cV5k6wgPULef6j95dUttqA\/aRLfJcVzSdzjSAeZxAcdHNnlVnwgfWntpPS91GkLaqCyVOhnnQgDdSyNjTTtlgNzsk62R0l59EkF0K80pV0NWL4YMxE2SAyQMqZCc+aT6VBXPaTtPVkystw4L3Z1q7S9SWeZOuchxLkdxs+FG+\/Nvk05uG\/Bm4pRKuXczbJcGA2YXc85bOPezzEnf+NW6To5uanvA1zEJ94HfFFJOjzu20XCpHmTsmp1XoXBhPoxu3AxB4LSZ9sfcTMWXDzcqypOMkeeK84zJn3memFam0rUcK8Xu\/WnVpvTjsKSrmOx329aRdRxVyr0gpJCh1pluWk0A7Rt74lbtd6R1JJhPPvaqcjvx1YZixm1BboHXG3KPhUaWufxPt1yfet16ujjUdwcsOVkuFOdxkDlOBvV+DpFudGQVvFZKfNsEUkjhjDakKluIC055iEtAZqQWCjiV40is+7MrzJk3zVFmZalxnIr2xBKMb1noq3rtU6dPltASBhpCyNz8ql7WMBKS2wxES2lsnonFRpeJqIlzZiBPvEqV9Kqr8A7pKavauDHdZlkSWEZ2bBdUTUT6Ku4d1xc5YWS7+sFKzn+tsaf8W6riwrpOOOZqIrlJ8tqgzhdeHHr1cJKAFqU\/gn03pWmfccSvtGw4lnLu+pl6YxspMjlf3HqM1AXGfDkyKrb6VNV6mrd7h3k8XsiQSKr\/AMRrkZl5EfqhoZrp3gSstrsj2ErdfxWMxlNshQzigY5zuNjSiiMEo5yOvrWBSnmwSK7ZlRKTAzCoZGPdFCjobbx1FCi3LDjpetxjrIXHJr1LagjKI5A+VGHEynV8\/erOPhRhsyUs8vI4ry2bJ\/lXmlsSGMzyKCbWoYIIcz+dNjXoHdP\/AEp5MMSTbHcQZKjz+TKv+lNHXTLz\/eR22ld6opSEY3JPlimrOYBxIrkwUPzwp44aaAcWfgPL60cfdnJsMm9wAkPMyEFBKdyBnIHw9ayv0X2aUbew4FlGEPLB27zzA+XT6VYPU3DzQzHCyywLYthFzjwkOywl1Ky44oZVzYPn0partGIHt8vHHeVfl8RVTLe7CbgESHspPMQUgnY486PNuGfZ7VbZqUhMYOBLmNvEQceo6VmdCtiZIusJRXDQHEgrTyrKwB4SPPHMN\/yrexHcVCQhDKnFpwQlI3PrU3pjBdSu76f5hapS1Ri7pvTjiOUpaeCfJxlwKGPkaebOi0vs97+zdVj8SO7UfkpGCKRNGz1Qz3C0SEEnIStrH86kyFICmAru1\/8ALrrek01PlAYmE1V9geRxf7POgwXFRZstpSR7jrgeR9z4hV3P0fMyW7wDdS8QsNX6alONwAUtH+Zqo+sHkexufsyPD15CKsn+jm1GJWh9Z6WWsZt13amNpA35Hm8H82qy3iqha1UrLzoVjPndLWvN96s9AlPXekC+XZuwSY7QkIYekoWW1qbLik7gHlA86cktsbONhOR1ptXFl2Zr+3MHk7sW8LQE47zm7xQUAT7o2Tk9fSsTNLHPpCy3KUyZUm9XFphfvocYCUuJPqCTkVy17WnDC2cLOOWodN2RLRtUhabjACN0oZeHN3fw5VcyfkBXY2zKiQYSVTZkdlr3SFqSlOfTmV1NczP0o2mxYONOnrxbGu7j3jT6VEpxyrW0+4k4x6JUj8qcqfBxEOMiUreWIsout+EK6jyrUZOWnVHdChkVhdm1KYbf7wnfp6UTC1eylGCSfIUGOGMT8RTuji5sFkZynkxT+0ZwVul8tdvmwLk0DOXyJSvICTjP8qY1oje2QWW1EbZJOelWD4JG7RbRHZuAKTFmoUwo9C2pJxUTSkhiRJVgDqNwhMdmziQ0Y8WLDjy3JHN3YbdG4AyetO3gjwo1jw87Q3C+ZqqzqiIkaphNtkqByrvB6VJvDHiTOuAYvM6GEOxnJUYo3ABHQjPqBSnw24jw+K\/EbQ072VbMq0a2t6FoWc4BewCD8RVk2oYptxIXkpnIjF7WbfP2kuICsdbuv+4mojcZUAQdhVsu0FwXu+puPmtLnHQe6lXNS0nH9VIqM7x2e9RRmluhKilI8hXXul6isaOlSf6V+wmyr6nWlar8CQPLSEkEUSZZEmew0ButwA\/enTqvSl1sjnJKZIwTvikfTrQN6iB3Yd6B9asbn20Oy\/BlVfcLn3CWk4Sxmm77a5Do8JZLDRPQZG9KPG\/SqJ2nhc2GQqTY5BCsJz+zJyk\/Kimio8iBpmBdkAkMTi0tXmNsj8qk6c\/BmsOuvAPR7lG7l8Y88da81aslrnZvcmXAHpBEqvwkiQJ+sb63JbSC8G1pIVgb9eUetSfZ82daIoSU90+sAH05tqiPU9tuHDzWyL3a3Q3KtanShvGUSGeUnBHntUlaV1KjW+lImqlshtySjvFJSeh86j5AMtdHersF9xJvsF9aSynvFlWRuM15dr8u4rVGto5G0nDqx6+majW235fs\/dNKVzK8IGKdjEBbtrMJbriA8nxrbOFAn408HzwJPdF7x7aNgPTZjbTr\/gBOV9dsU1NVWpy3X\/8AYuDLhOxHQDzpljiBqfg\/JcZvRkS7c\/nuJiGlOHH9FWOhpLY1FxD4rX5NxtrT1rtTJ\/0p1nC3B\/VBoj2iEqZTuzxJw01fI6gmM+QHUjG+2aV7ndGHGg2kp+OBUdSIsiPHaU06TJjj3v6ePWtJ1WzIilSXilaAQtJG4NJLcYMSKxnIiTru4x231ZWkAnYCq+X+c8\/fHJG5QlR5SfSpKvkh+9XTmUtXctEnB86iyZebPL4jy9HzLjGhh2AvuHHV8qUvAcwyfkDUW5DYuBE3svczPUeopEfQ9yW0sc8jKPpUe8K47sCM5IPvyXS4onzFK2s4t00sFaZ1SlDLo5XgpCiW3G1AEKSfMEGjWlHochlpm2tZwAOlIoreo7XGDKmxg5yJLsqctUNt9StjGAGPlVfdVTPaL68se70qa5s5DNv7lShlprl\/KoKntqkz3HQNia6\/\/wBPaj\/EulT1AngGavbDy4Izj0rFt0OKJGcGtrcBbiwnOMnyp1Q9GpMT2gZzjPSumNcF\/NKgjBxEdqO2ptJKk7jzoUHW3WXFNcvunFCj80Qp0wud\/wCz7a3gnnsqvXHJWcXiL2em0hXe2ZJHwTVX2uE+j0NgOR1uKHmSa1L4ZaWjtreXHbbbQCpSlEAJSOpJOwFeetjRjIlsF8W+z00wtIm2kbHpy+lUQ49XvTydT3fUWnkNONyjyxQE+FIO3N86UdQy+GlihKeZcakOHIb7toqSSDgnOMbVGGqr5pfVKIkO0XcpW24VyO\/jqQhJA2CSMk\/YUjYSwB7Q+DGFEhp9oZckjm750eHO6vM\/lU7QYUW4W56VGW0htcEMhkqAPMgZyBUTSrjoW3y24d2l+1usHn5o6T+xc+Ctt8dfLfFKFh1nphVwQhT3cJ91yWptSlhGdwAM9RtRWEseB2hBPUTn2I\/ziHZWnpFsso9rIJkqefCR+FJ6A\/bP2phRW+QoHMceoAOAfgdjUu6n1Lpe9sEwLnH5A2sISolBHhwBgioths88RiSM55R0+G38qe0rlLA59iIVqBkKiOmxOL7sfshKR05kEhQ+YyR+VPJi4pjsBPsj\/Trsf+lMi23NptalskOKRu4jl5XEfEp8x55FOqLfWH42Qnmx5gZxXaNNarIMGc81NZV+R2jb1lc++jrSQ4jIxug7fbNTF+jlujsTXutLf36VNybYw9gbboeA3+i6hvVEpDsdZSgKGD7ux+1ST2BnAxxgvrSRgP2RY+RDrZrL+KAWrznMvui4BxOh76u8BUjCVedQ5xe4jJ0FdrPeyklDTchtw+Z90pT8ckY+ZFSU\/OdZZCnVjb4VX7tE2t7WNmk2O3q\/yuRGdEY9OV0J5kH\/AIkisEeBNT2iXwqud048rm8QeIz0u9NPBz9V2ph9YbjNIznCEEZV\/wD2kftG8H7JqTQWlLi9ebjZA4+6zYYs18vsMLe5fA4Vkutpc7oYVkoBIyBzZqJeBrnHfhLqERPY5ce3tKMhiQ22XUAq6tqCTkD41PmqdTNcQ+HN8u+ri0\/EcZA53ZCGcOoUAEpGeZO4JAA6gZquv1ltNqqq95O0+krupa1m5AnPHVVrl2l6RbpjSm34rymnkEe6tJII+4pJs7Sn57DSeY86uXb41IXGG72y+atvNxtzvexnnhyuBPvkJAKvjkg70ucFODB1nZH9XuOutohOqDYA2Vyjera3gg\/MqMkzXw301bHdSJbejBTaWnHChe4yE56VOGgGbdd7CxMgkjFyZj8uOoTnOPlUX8M2kq1oto+73T6D9jUvaHhxdPyozNuRhpE5bqUncZLZJ\/OnCqq5wPaHp2ZhyfeLVoRHdtjzkVSVezym218nkspKSD8af2idHwbJq\/hjKt7SY77mp7WZHIAO8\/a7E\/emNpC3x7Hp65R3ZQfVMuQngkYI50lRT9xUsW+e1G1dwwUtI\/y7Vdrba+XeA0hhxxF\/OZaXV1utC9YXd54oDi5B5jgZ6CkO+WWyOQFnkbxymo\/44X+8weIGoREkBLbctWAD5YFR\/a+KlylqVBkycgbZzmtzodLZbQjg+w+wjthwJHvaA09bkR3XmGU5B8hVV2nvZLmhzGA24FfnVs+LUhmXZ3nXJCSpSSQMVUuVyKnOZUPCqthomNlRRodX5My2+jr5Y7nox+1xZOXJbDcppOd0voACh9RW3SGsI78lywXEpS50QVHA+VVyslwnIiCXb33G3YxBJSoj5bU4rpeXroIdwhLSxcynK0lXKFkdVA1wjxBon0GusRh7zS6WwNUMyTtfWi1vTG5lwil0xHM8wA5sEYwCf40gcLWIFqjO6calKfaYfcUguYB5FKKkjbbbOKaV745\/qS0ljVltU822Q13yCFKyQcbjr0pu2Xi7pxi9W25xBIYj3VamWlOoKUqWk7jm6EjI+9UHl2Z8zHpk2i+tLME8yzESzQ2bkXu6GEp5sVpl8ULDbLmbUzHekPJG4CCEg+ma36cuSLm228pWFqT19RR+VZ4MzxCK2rfOOUZzTqHDS4BBPqnkDinp50Bu6W59gDfOyh9qxunFfS6VBqKzJLafxhG1JM+wW9QLciEgAdMCiqNMQ0oHs8RpIJx4hmnc\/Md2IeYu23WlkvQIhTErI6gqwr7Uk3SIiQ49ISOXByrG2aMWvTFjtzhkpiNh\/wDpITitt4egsoKFOAKI5nCOgHkPnTLHMaZgDiM2amLHYU4rCOXJBqkupGbjxC4mXRqA+tShIKG3BsEBJ2yfTarKcX+I0a0WaXGtjockqQpDYT69Kirs36Djzru\/qDUNwLSFvDwJ\/GSckE0aOq5yeZT661mYKvaHOI7vEbiZf7fYbvKEluw2+PFbklIClpCQNzjJOPXyqRNGaSa0vawFoJWEDK1HJJpVtuo7Pc9Va0FuistMM3l5DTiveS0nwpA+QFa7veC8j2eAFO\/Lel1rbq7xWvLGR0CquYjagnlESQ4o7cp3+NRl3K3HCr453p36hkLktCNylIScq+JpAS2Ejc+dd\/8ADvSH6VolR\/zHmVuo\/itzNMZIDyNtwakeG+gWo5809KYCW0hxJTvvT0iEG1kDc8uKm6ksDmQWGDGTNWsy3Sk7cxoUJUZ8yXCEKxzUKeBOInIl202EHpj7VCfavvB0voaPamZxjO3R1RcUjHMtpvBKBn1UU5+ANWa9lQAMJqm\/buSTf9LQvaUFlMd13uk++kleOY\/AgflXCWzIIAPeQpZeIN+H+S9+h1IGVtvNhST+XWtE28q9pXO9hZStfiKWQEJH0pItMAoSuWXlBTp5EpI6gedKM7kFrkBRQDyFOSrpmlDtFDiM6\/QVRli6NTO89oVzKQoYIJ32+FbbRNIktKUNnMAkmt1xiKkWNsRnEOhjwEBXi+eDvSZC8MmOytPKUkdcb03yDDxH8y41FYUUBW\/kmtcHUkJa1QZTpadS4eTm6EGtEXvO4QhYcxz8ysA+7RxmzxZ6VPltonOQVjJxnalgfELENuR5jqs98nu0L\/ZKCvGjfPhPUfelVnUkS1sIXdQt1fOGg9HADuceYGyvsPnTNelSUKkiMrIZc7sgHyFbIsht6bbZUpBUQXVqT13xgGrfpus1VeoRK7CMkD5kDWaahqmZ1HaOq83CLPjl2LKS4CMgKTyKH0qSuxnebXpTiTdtR6gnsQYCbauMmRIWEILpWghAJ88AnFRU\/amFWb26KpRSX1oKT0T5gfx+1FrfqE2XS2odNi0svvXgxlxpayeeGtpzmJR\/aSSk\/StF1V7NbpvQMtnB\/wBDKzRBdNYN3adBrr2hdBFS4p1dbHGxtzIeGPyplXTiLo+6XKPdI+poPIwrJWmUBhH4h16EVz+fl6owUibJAOxCF7fapH4I9n3iXxgdduyLrHtlijyO4dlvYW6pQAJShA3zgjc4G461jtTpbKFy4l7XqK7TgS+SHbVPsy7tZ5Ed2O4ypxl4HLZGDg59K5qcQLjNvmsrzcJMhKnXJTmUsDCNjjb7VfXiLYk8LOBNwt9mmvufq+CWUOuq8aieqj8yTXPYy0qOVr\/aOEkqI8z60ioA94CfiEXXX47K23nQtSxgN+Yq\/wB2fNFuab4LW+LMbS3IlxlyXEny58n+Fc+bkhTaitAJ39+unXCRl+Rwesb014OvLtSSpeOvgorD6sQpU7hnGLnEedHZGSEykox674qTdBWzUEYQY98T3ctcyS74iPcCCAPtUKQ9WSdEa0mXmHHQ8puS8gpUdiCo1I1m7QWnbjdrW5dojkEx31LccA5knKcY+VSmBJyIWndVByZIPDl97VNlk3OVBVCbiy\/Z0pX\/ALQNIOVU8dCa2sXEDXnDtizKKm7Bq+1tFRTjxlYBrTC15oe8vWpFqvltEdbjinG0KSkbp3yKrlr3tN6f4V6rEDg5ZYipFqu6LoZ7quZCpTasjCehSD96Ts35HaOgbux4li+1DxRu9v44a3skZtXdRrmtsHfGORNQI9xSfszq5D85poqO\/M5vVd+I\/H3iRxO1PctWanv61T7o8X5BZQG0qWRjYDp0qP5NzmSlFb0pxxR3JUomtVX4mp0tC1VpkgAZ+gEkM6tLO6w7QEedHMV6694CnojKqiydxUgNqJjRnXFHzJxUWF1fmSaxzmoFvi3WMMVYX6RO7AxJOsHG69Wi9sy0sNiFnkkMe93jZ2IyfPzFTIi+WnUVqMqw3pEppwFSWioB5rPUY67VUyjMG4zra8mRClOMuIOQUKxWV6jbf1Il7myfmSaNUauD2k+zJT9mt0+LqG1+22yTylx5tfKtC055FAHbO5z61HN31lJ1ZPsGnLMw7Gt9qdV7K0pfMtTrigVrUR5nA2HkBWqTxi1TPs7lmnpiyEOo5C4toc+PXNKPBC2RLhrCGqS13jjbqXWwfIg7moCJZTUVY8SSbV1Ny7ZcjhTrcJt0WNMdAlROVKwo7kdDU6xUokoRKjKJQ8OYYNVh1\/YHbLc03Wzsd2w\/hYWnoFeYp+cL+LrUOKm06ldDRbwEOdU4+NVwbnmbKtiMAybl2tbqQtSc\/Sic2L3SQ0lrB8zitEfXloeRzMTmSgb55xg0kXbiHYozxclXOOlCevjGacZhiSARDNykt2yEuU+4EAJOPifKon19qJMKy865WHnAVYBwTSJxN41w5kgM2Ztb7LOScdCfI1DV21TeNQuqW+4QojAR6A1G81ZDsfPaRrrLWAGpCmVJW40AeYDPUmnlp3jFpDTtujohvvodCuZSQnOVepqI9W22c7qZ+MlpSnOYJSkDJOaesLsv8WLjYWr9EswUl1POlgrw6R8qm+Tp9oaw4MzNtuqdyUHEmfgbYl8RdUagTbbqyy3Id9u5SvmVynrgDrVgntARdM2R5DTRddCcreI8RP8A0rnRp7UutOEmqTNss9+2XWEotuAHofNCh0I+FWI0x26r1Jg\/qnX+mWJnOnkVLhnu3PmUnY1qOkinTstijn5kJtW3Zos6gZAlPJ5VZCqakhZQsjGKU0cRdGaqlqkQLu213vRt\/wACgfTejEy3NlAfSUqSdwoHINdw0mor1GnVkYHiGLQREmCC88hOVbmpSsunlSIKMHYjfNMK2RUIkJI3wQKlaySQIqWwrBAFN67iosO8g32E\/lMRXdFjvDuihTrLhz0oVSi++RPV8yyKXFHYtkYqgva4v6rzxxftKOVSIERmMN88pxzK\/M10Kkx2155SQfiMVzF4rLkXHjNqubJILibg6Mn4HA\/IVx4CPxJW33EfC2wG0DAVmku5IivtpZQ6El4kBaemfjSorKk4Dhdz5EbUgXuOhbiW2E92tALgT6774pZ4EHeIYS9CldzJ5uUqxkk050sSIiE8gOCOZJJ5gfvSM4fbmBzDKht4uop22t5t2C009jKUgHNJEGYVhyY0pWH0BLqPRIz9CKOtynD+xQlPdjbf3jXki1tKAfR3Zx582DWpmDIZcLygeU7gA9aWIU0WhcVy8zbbJaSUu+JKiMEHzo\/GhxotwQEuJQtptfIQnIVkjw5ztt50htcn+E6VIKglSdwaeGlWWJ2oZDDraVIbjnIPqSKn9HrNutrRTyTIuusFWmdj8TeYctxktomJWwpXPy+74vX50myLc5zELbz8adMyzpiqUG05ZX1Tnp8RSY7EfYV+9K2z7qv+tdLs0qjOBMgtxbnMQ\/1cnO4x8xV2uyeiSOErDT5j9y1OkoZ7tOFcuQTz\/HmJ+mKqCGQACQDVyuyxFLPCpp1wbPXCS4j5eFP8Ums14hqFekB\/cS06XaWvx+xhftXPtw+C16UV7uBKAPma5wElSeVBxmuhnbQeQzwZlpSMKckNpH3rnlFdZ5wl3O\/SsZT2xNBNE5C22G0KUVFSs4Jrqbw8bA4UWkNNBCk2pGGx693XMWNCN31Ja7VHRzKkSG20pHU5UBXUn2q3aV0ZHakqDKGIaGsE7k8oGBSbOHzFATnXqVt9m5Tu\/SAtcl1ShnOPEabiORS8HcjpVldYcOExoT96l6eemMTCp1JSg87QJyDt06+dQhJ0VPQiZKKTEQwCtCHx4lp9PnipVeqU4DcRjySPyxm6lvv6ogAMOkSHhyowcFI8zUcrWVKKlKJJ3JJzRzUFzVc7m47zZQnwI+Qogk5NHfYHYqOwkmpNi4mKwOta6zcO9BvzNRCAY5McGvAK3fOsVgDpSdsE10KFe\/Sht5gmbKCtYSOpNSTwimmzcQrXuOVR7s\/EkVHkcKA7xA3B2pYstxk22+QLjIGO4fQ4VD0B3pFy5rIEkaZtlgM6QWSyxtVafetV5bCkvJPKrOVIPkRUNa20lM0fNkW90rUwnxNPY2Wny+tTTwxu8a52yLMirC2Xm0rQr1BFLuttK2\/VFvcgy2x40+FY6pNZs+k4M3CMGUESnLl1ntczTM18I9As0XhuyHnFd864vJ\/Gsn+NObVOgrrpqa605FW40lRCVpGQRWjTOjr5qKUGrfDVyE4K1AgCkO+eBHQpIzE8wy8ChtBJX4dvOnppzhjMjFF+uiEMtqbyltxO6qk3Q3CGHYXE3HUTiZLyMKQ0j3R86Pa\/kpkJDUdXKQcBIGw2qK3p7RJTPEjDh1w60rO1+9qC4W9Lz6HSUIVukY6HBqf9c6mtmgNCXfVklLTaYMVXc834nCMJAHzqJdLA2a9ouLpSW3diAPzqP+23xSizLVadAWV\/wJQJk7lP4zshH2yac06G+wAyJqbF01DESo99vEm+XqZeJThW7LeU6tR8yTminebZzWkZyaFa6s7FAHtMQSWJJhhMlSeilH4Gl+xcQNTWEhMC5u915suLKkH6GmxXoJHSpdOpuoYPUxBhSwWjeLtmuikMXVZhSSBuT+zJ+B8qmLTV0elPtKacS4yojC0qyCKo8h1STnNO3RnE\/Vei5SH7RciEIIJZc8SD9DWv6f4tdVFerGR8xJXM6GR40csIKkDJG+woVW239sxtEJlFw0a25JSnDim5BSlR9QMbUKvx1zp553QbBOk04tRYj8pzASw2pxRJ8gCf5Vyovs967aovd9US4Z0590KJ8is4\/KumvFy5q03wx1PelkJ9ltj6gr0JQQP41y8jPRlsNoQ+gqKcqwrfPnXJs8wuZuhPSnGi73BeTzFI8OQn6Unaka52UXFjCVxV8riMYPKfP5UfYuzcZZSzIQj+r5\/Ok7UMO4lgXGM33jbqSlagcgg70sjiCEIbHeczqBgK3ApUiLUjY+tN9mVOjtgGMotjbIo\/DurSlhDgKM9SaT2giyqQp2QhtZwknCSTtSiwl1scjkjvEEbAGkm3pRKugZ2WhlsrIB6k0qI7liW21HGEnPMknO2KUOOYIiQQHNRKUnOEE079EyER7zNdkow28Ush3ySo9M\/Cm1bWQmfKlJ6ZIHwp\/wBq02y7pxmY04UOSgXedJ9TtmtF4X0zX67ev9Az\/wASq6zctWm2N\/VxFyQ6zFSW5Iyk7c3pSZLdgEYivIdJ35PStdoukl2O9bby0FSohxkD942fdUK8VGtryyttYjrTueY4FdId9y5HEyATYcGFI7kBT3dyY8sHOyWkA5+tXv4PWVqy8MrBGZbLSnYokKQeoLhKyD\/xAfSqN2+eqXOTbozqcrVgugbgeZFdBbWsNWaChHKUpjNBONhgJFYrxW5Wmtc8En\/YS\/6ImbWY\/AkH9tGPImcI3EIaJ7uUhRKfSueLsRxhAU+e7PkTXUvjK9ZnOHV8N+jB+KiKtRR582NiPrXMyFaZl8uJZbBCVrITznoM7ViVdVHJmkWpnOFEkHszT9ExOJcW4arPeuRmlGIkpyC6OlWwul3uuurqhJSoMhX7BjyA\/pKqufDrhnGtEpq8LUh2ZFVzIQBsr1qf7Lruz6WgB6dEX7U57yiRsPSmG1NTNtUyT+BvVQ5WTLp52NbLTJtNyZRMbmsdy6VgEg42I9MVA\/advmn9HcJbki52KMu5Po9htcttIQTz7K5sdeVOT9qlvQN9b1nbP1pHhusoCykBwYzjzHqKqX+kK1S25fNO6NjSEkwmHJUhpJ91ayAnP\/yj86k0nc27uBGMYOJT5RBUVbVkBWqtqVbUtTzFTBfWvAop6VsKOY1rIwSKTBMgsk4wK2FO1aUnBrdk4zQgmHdk75rDoa258q1HrRQRctERTsfvEoyM77edHX4iHGyCkAp3pvxLnMgH9g8oJJyU+RpciXZi4YaUnu3cdPJVJdh2jiHBl1ey5eXbhw9gEggxlKYz\/ZNT7LkqEbvUjIA3NVu7HFxE7SFzs7jXjt0sObDflWP\/ACqzT1sULegoSVFzbHpWa1Q8q0gza6Eb6VjUW9AkEtPMtrGeikg0atqIkdfdxmGWkE9EoxSorRLyx3wbHxwaxTYnY7gQWsZ3zmo2TLLbxiJV9uLcT9m0olZ9PKmVMiSbi+EtgkrVjFPidZi\/KAX16UowrE1FaS+EAKWeVJ8wfWkBN0aY7YwLzKj6Zs7s+9LY9gsrRSp3lABHVXxJKtqoVxQ1YNX6gul8KOVMyQVNJP4UD3R9qsJ2wuKEZbzXDbT8jnaiHvLktByFOeSSfhVS5zoKQD7x6fKrrp+nCDeRMr1fVB28pfaEvOhQBzQq1VcyjgoUKFOwQV6Dg5ryhQgmfeKoVhQob4J197Wkl+RwD1M3by53hbb7wEH933ief8s1zFmNrjtIkNZCmzzAg9a7J6u01D1bpe6aanIbLNyiuRlEpyE8ySM\/SqST\/wBHfrdtDiLbry1Po35UPMLTkfME4+1R27xEqWLyy4gh1hBV5HlpVt93EOKh5K1OQleF5onPKD5j5VN8v9HvxvaKhFnaefSk+H\/LFJz90UjyexN2jbSlaWNLw5qCCFJjz2yFD5KIo8kd4riRpFhx3IjyW1BxorJQU\/0fI0kR3IIkPJloIWkkoI6H50+ZXADj9o5LipvC++lgghXcsh9PzHdlVMG9WPU1qdUu76euUFwHxCTEca\/vAUe6FFSNNjwm+\/CBzuHqD5UZTOQuQp0coKW8DHqaZntjiU7LUEgmsm5a\/E8HFZGDjPUUPM9oeI80OIZhPYVhXKSCPMmpk0hGD+gLW6U9Y3X6mq8Q3LjOdTBgpLjj5CEIG5JPlV99K8BWrZw6tMWde8SUREBYQ34UrxkjOd981e9A69ouiah31jEBhgYBPvIHUejavq9QXSjOD7nErFqFD8F1F2hoUsxjh1sdVt\/iA\/j9KNNxIF2aalJIcbdTzIUCcEfGljWkZjTepJenpzoUplWA4B4VAjI+VNODNa07PLDy8W6SrmacG4aUTuD6A1vtN1XRawi3T2BlPf5B+cd5mNR0\/VaUeXapDD\/Bj6sMGFb1IYgxEqkSFBsO8u45jjb71dZMeYzFaYQhWG20pA+QqqfDi3s3PVlhYSULQ\/OjknIIKQsH+VXechIG3KPtWb8ZWDfTWO2CftJ\/h5Ttsc98gfeQvxG0\/fb\/AKZuFmaid4JTKkY+dVUm9nfX0EA22wyC4CMKLieldDHIDahumk9+1tEH9n+VYR6FtPqmrqverhZQy28JuK0FYL0aWykdSkgmnxY+HVxjvIlXa1T5q07kPbpB+Aq1z1qYIwWzn5UTctrOdkYHyoLRXX+UQ3vst4ZuIwdLXSbFZRHMMsIRgBATy4rnZ2pNRuak42ajlKUeViR7MgE5wlA5f5V06vUSNb7dLuLiuREVlbyj8EpJ\/lXIXWVzVetVXW6qUSZUx13Oc5yomn1O1Tj3jQGIjV7XlChkKYc3ZSNya1KOSSK8oUrME9HXetvNlOB51prNvrigDmCZ14U8xCqByDisuahmCYOADoKwSooUFpJCh0IrYvKhWqkPBLQdiDiGza+JQ0vc3Qlq\/NdxzK83U7o\/mK6HPR2CygIIUnmH2rjVo\/UE3SupLbqKA4UP2+SiQgg\/0TmuvGjtRw9YaXtmooDgUxcYrb6SD0yNx96o+pVnIYTWdF1HmJ5Z9o+GGIyGPCoKCh602ryU+3cqMJQnz+NG0d8pPKheB861SWGO6KV7rznNVm6Xo47xGdZgtOBS3AomoQ7SXHyHw3sy7Bp99t2\/zWVIZSgg+yoPVxXx9BWjtOdoK28JYH6ksobkahloy2knIjpP41D19BXPi\/6mvWp7pIvF5nuyJUlZUtalE5qy0mlZ8O3aUnU+prTmurkxQul6XKedflyS6+4orWpauZS1HqSaQJUlyW53jgAxsMelajknO9ZBO2TVui4GBMmzF2LN3mOMUKFCpC8CJgoV7tQ2o\/8AWCeUK9oUMiCeUKFCmuYJ3sSnHvCvSlOOYr6+VYKkNkZJI+lYpcbIyArI+FCIm0No8niM1uDPhyF0XD6AR4D8dq3CUgjASftRjELJmRjoWnClHBG4zRB+DFJ7l9lt1CvJaQofLejSnwTsF4+ArW6+jH7tW\/Q4ooOY2bpwh4WX1Snbzw501McV1W9amFKP1Kc007z2SuzzfY7rcnhlbI5WkgLhrdjqSfUcigB9qlONMcUS0pO46E+lGwVgUMQuZzI0vwkg6f4mNOMMOmPabitxKVLJKkIUQASevlVw52om5tjYhRme7PIAAPw1Gl\/trDOtL13DY5mLk4MfAqpxuSni6xDaa5AB4j0rI6m1mtw5nQNDQi6fcg7jMrvxagiVxBuIWScOpTkj+qKMQeG9ruFmL01takrGOUHFOrjzAt0bWrD9tUla3ITC5ITvyu8u\/wBcUsaNXFm2VDbjiElAyoE07c9tJD1Eg\/tGNKtWoUraMj4MefZn7PGmLbATq1Mu5CbEmlcUe1L7tOB0KM8p6+lWMfTc2Pekp281NjFRtwy1W1Y9JJt8aGp5\/vllOOhz0pyCLrHUuDKd9hjL3KRscVp6tRZfUrWsSce8xepqrpvdaxgZ9oZuuqk2oEPy47rnk2hOSftRW1aj1DeAXG9P92znZa1YyKVbbom325XfOxzIc6945vg0voYCEcrTYx6CnAY3zG8t65fitic\/BdF1uSlA81rUPkoGnM4yrzSfiK0LjqTnw4+tHB9ZE\/Ga9KsfC3VF0Xb1p7i1v4K8BOSkjf71x6cXzuLWfxEmur\/bWv0TT3Z\/1CiSrC7iEQ2QDuVqUP5A1ydJ3omJCgRYnteGvMmveb4U2TDgB9a9PSsTWQ6UMwTwdKyR74rzFDPn6UYPME3UKwCiaGT605BM61qBG5rIkmsCcmktBADjf0rot2GtbrvXCtenJSwXLFJU0jJ37pfiTXOnrVtewTeHWdTXezqUQ1IiJePxKT1\/Ooerr31mWnR7PL1IHzL4JkFIyD1qPeM\/Fa38LtFzNSy+VT7aCmM0T+8dPuinUqeoc3KkqwTjyrn52yuLLmstb\/4J294\/q+yZbVg7Le\/Efp0qm09PmuBNN1HVfhqS3v7SENZ6uvGt9RTNSX2Up+XNdU4tROwz5D0ApFbGOtY+mayCsHYVokUAYEw7MXJY95mPSgThJGPKvOY14ckEmnMRMwoUKFBuBBBQoUKbggrwnBoc3wrw70MwT3mFCvKFFmCd61FIAy2oH41tStQxlvNZg5\/CSPlWWUDfCvkaXETSpxxSsBsgfKsgfwhKhW1IKwQlBHyr3C8bg\/U0IDMQgp8W9YuIUofu8\/Ctnd5HQ\/8AFW1IUU+6aEBiettZAw0QU9DW+LIUpPKoeIbEZrcvKNgBk0RllLGX1LQ3y75JwPlRwYlbIrDVw4gagbdT+\/mvFIPkrmyP4U5zbAHQHUJCsb4FNCHK9m4jXJTZGPblnfzBVUiy0h2WDjwk5+9YrWjFjH95vNEwNSgfErVxVtL1t1tLU4SUSAl1sn0I3\/Oi+mX1AhA2BV0FP7tB29pt61zUpwshbZPwGD\/Ombw3tLl8v8O3NpKjIeS39Cd6kI7uAB7yM4FRLS2HB\/TyWNKRZ7kVIekErSpSd+XyqRENr5Mco+PxrXAYZt0Fi3xkhtqO2ltIHoBijKXDjAAyd61NSCtAvxMda\/muX+ZrKFH3yK0qYdR4mcEdSD\/Kja1pJxy4zQAGQBuMetOCN9oTCXXNsJFYqaWB+HejL3KDlOAv8jRcPNukoJ5Vp6ppUHeU7\/SSXVmFwks9oXjvpt1SpGPRCCSa5pkedXc\/Sc6jW9rLSumEPpLcWC7KWgHdKlrwM\/QGqRZzSXPYR2CgBmhQyaaMEB2rJO9Y1kkgUa94J6QRWPL8ayUrJrynMCCejrWQHxrCgD6UeYJ6pRFY8xr0VvMMpQFuKSjmGQFdSKSTB3mgGrG9j2Q7addtXFSQUpjLBCweRST6kdMVXUtEDKSFD4VZPstuKY1C1KkwFyYzMNaFAK5eTm\/F6GmbmG3bnGZP6cp8\/PxLia6101pnSV01D3zZ9liLW2AdirGwB865bX24v3i8TLnKUVOyn1urJ33JzV0u0pqu0t6CfscBT65ClB0jmTyBseRx8apAtQUsqpnS6U0knPeSOrao3OE+Jjynyr0DFeEisgARnNT5UTyvCQRivFKA2rHm+FFmCe0K8CvWht60kmCe53xXmTk714aAOKLIggoUKFIzBBQoUKKCd+j7grSOv1oUKdiIba\/dKPnWtRORvQoUIRmzA7sVqyeXrQoUIQ7Qusk5yT1plaqddVcFNqcUUBOQknb7UKFKWB\/ymQbcvDxIlBOwyk7f2RUmJ\/0tof2f4UKFY7qH67\/\/AHzNt07+XT6SL+0UB7Nav+9X\/AUR7OTbatewOZCTguEZHny0KFP6T9RPrGdZ+k30lwGtykmsiT3mM0KFaiY1ZuAGRsOtZYAScDzoUKMRZhN8nPU0myyQptQODzDf6UKFKhrOY\/6SL\/19Rv8Accb++5VUqFCm27xcFChQpBggoDrQoUa94JlXv4TQoUuCYqoDoaFChBAnpWbqlKOVEnAGM0KFJMEX9KR474ld+w25yoyOdIOPvVguCgCI0oIASChoHG22RtQoVA6h+mJbdG\/WP0MVu0myy3pKT3bSE8vd45UgY3qo6utChU7TfpCReofrmeVkPdoUKekOaz1oUKFIggoUKFEYIKFChSTBBQoUKTBBQoUKEE\/\/2Q==\" width=\"253px\" alt=\"bid ask last\"\/><\/p>\n<p>For example, if the current stock quotation includes  a bid of $13 and an ask of $13.20, an investor looking to purchase the stock would pay $13.20. An investor looking to sell the stock would sell it at $13. Traders use the bid-ask spread as an indicator of market liquidity. High friction between the supply and demand for that security will create a wider spread. On the other hand, less liquid assets, such as small-cap stocks, may have spreads that are equivalent to 1% to 2% of the asset&#8217;s lowest ask price. The bid price represents the highest priced buy order that\u2019s currently available in the market. The ask price is the lowest priced sell order that\u2019s currently available or the lowest price that someone is willing to sell at.<\/p>\n<div itemScope itemProp=\"mainEntity\" itemType=\"https:\/\/schema.org\/Question\">\n<div itemProp=\"name\">\n<h3>What does bid vs ask mean?<\/h3>\n<\/div>\n<div itemScope itemProp=\"acceptedAnswer\" itemType=\"https:\/\/schema.org\/Answer\">\n<div itemProp=\"text\">\n<p>The term &quot;bid&quot; refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term &quot;ask&quot; refers to the lowest price at which a seller will sell the stock. The bid price will almost always be lower than the ask or &#x201c;offer,&#x201d; price.<\/p>\n<\/div><\/div>\n<\/div>\n<p>The bid price represents the highest-priced buy order that&#8217;s currently available in the market. The ask price is the lowest-priced sell order that&#8217;s currently available or the lowest price that someone is willing to sell at. The difference in price between the bid and ask prices is called the &#8220;bid-ask spread.&#8221; This problem is made worse when order books are \u201cthin\u201d, this is where there aren\u2019t many buyers or sellers trading a coin and 24 hour volume level is low. All trading on 3Commas is reliant on order book prices which are used to fill Smart Trade orders to buy and sell cryptocurrency assets.<\/p>\n<h2 id=\"toc-0\">Best Vertical Spread Option Strategy<\/h2>\n<p>It represents the highest price that someone is willing to pay for the stock. If the bid price for a stock is $19 and the ask price for the same stock is $20, then the bid-ask spread for the stock in question is $1. The bid-ask spread can also be stated in percentage terms; it is customarily calculated as a percentage of the lowest sell price or ask price. The bid-ask spread can be considered a measure of the supply and demand for a particular asset. A securities price is the market&#8217;s perception of its value at any given point in time and is unique. To understand why there is a &#8220;bid&#8221; and an &#8220;ask,&#8221; one must factor in the two major players in any market transaction, namely the price taker and the market maker . A bid-ask spread is the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept.<\/p>\n<ul>\n<li>An individual looking to sell will receive the bid price while one looking to buy will pay the ask price.<\/li>\n<li>All are subsidiaries of Robinhood Markets, Inc. (\u2018Robinhood\u2019).<\/li>\n<li>There is a cost involved with the bid-ask spread, as two trades are being conducted simultaneously.<\/li>\n<li>The ask price represents the minimum price that a seller is willing to take for that same security.<\/li>\n<li>Orders create the bids and asks and also cause the transactions which create volume, volatility, and price changes.<\/li>\n<\/ul>\n<p>The size of the bid\u2013ask spread in a security is one measure of the liquidity of the market and of the size of the transaction cost. The difference between the bid and ask price is called the spread. Bid-ask spreads can be as small as a few cents or larger than 50 cents or $1, depending on the security that&#8217;s being traded. The market sets bid and ask prices through the placement of buy  and sell orders placed by investors, and\/or market-makers.<\/p>\n<h2 id=\"toc-1\">Effective spread<\/h2>\n<p>The Ask price is the best price that sellers are willing to sell. <a href=\"https:\/\/www.bigshotrading.info\/blog\/what-are-bid\/\">bid ask last<\/a> That\u2019s the price that you get when you hit your buy button.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content Best Vertical Spread Option Strategy Effective spread The Bid-Ask Spread Bid-Ask Spread: For example, if the current stock quotation includes a bid of $13 and an ask of $13.20, an investor looking to purchase the stock would pay $13.20. An investor looking to sell the stock would sell it at $13. Traders use the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63],"tags":[],"_links":{"self":[{"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/posts\/94899"}],"collection":[{"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94899"}],"version-history":[{"count":1,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/posts\/94899\/revisions"}],"predecessor-version":[{"id":94900,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=\/wp\/v2\/posts\/94899\/revisions\/94900"}],"wp:attachment":[{"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94899"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ampnvolt.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}