Calculating Midpoint For Effective Spread (CFA Ahmed)

The initial problem brought up in this thread is in relation the PM Mock 2017 question outlined, and how they completely disregard the midquote at time of entry and use execution price compared to execution midquote, even when they have a stupid exhibit before the execution exhibit showing different midquotes that come BEFORE execution and after the trader decides to make the trade. Anyway, it was a mock, so not a big deal.

Yeah I mean hypothetically if this were on the test, I’d end up wasting time because the by-the-book answer wasn’t listed. A problem like that or any associated ones would likely be at risk for being invalidated.