________ is difficult to estimate, even after a trade has occurred.

Question

Quizplus · Accepted Answer

Market impact refers to the degree of influence that a trade has on the price of an asset. It is difficult to estimate because it depends on various factors such as the size of the trade, the liquidity of the market, and the timing of the trade. Even after a trade has occurred, it may take some time to assess the full extent of its market impact. The other options, such as brokerage, bid-ask spread, and missed trade opportunity costs, are more easily quantifiable.

________ Is Difficult to Estimate, Even After a Trade Has