Business, 14.02.2020 02:00, cmaya

You find that the bid and ask prices for a stock are $11.75 and $12.50, respectively. If you purchase or sell the stock, you must pay a flat commission of $15. If you buy 200 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

a. $15
b. $180
c. $165
d. $30

Answers: 3

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You find that the bid and ask prices for a stock are $11.75 and $12.50, respectively. If you purchas...