Problemon a given day a stock dealer maintains a bid price, Ask an Expert

Accounting

Problem:

On a given day a stock dealer maintains a bid price of $1000.50 for a bond and an ask price of $1003.25. The dealer made 10 trades which totaled 500 bonds traded that day.

Required:

Question: What was the dealer's gross trading profit for this security?

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170518

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