An agent of a broker-dealer is having a very busy day. Just after the agent completes a conversation with one customer and picks up another waiting call, another call comes in. The agent picks up this call and puts the other customer on hold. The caller tells the agent that he is considering selling his position in ABCD stock, a thinly traded OTCBB stock. The agent is very pressed for time and wishes to return to the customer waiting on hold. He tells the customer that the last price he saw for ABCD stock was $4.50 per share, without mentioning that this was the price about 15 minutes ago when he last accessed the OTCBB for a quote in ABCD stock. Which statement is TRUE regarding the agent's price quote to the customer