Exercise 8 · 14 min

Size vs Book Depth

Time: 20 to 25 minutes · You'll need: a calculator with a square-root key, or a spreadsheet · Builds on: Lesson 8

Warm-up

Check yourself

A leg's median daily dollar volume is $2,000,000. What is its cap under the course's 0.5% rule?

Check yourself

The cap cuts a pair's A leg from $5,000 to $1,700. The course's minimum A leg is $2,000. What happens?

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