Problemyou find that the bid and ask prices for a stock are, Ask an Expert

Finance

Problem:

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,

Required:

what is your total implied and actual transaction cost in dollars?

$15
$30
$180
$165

Note: Please provide reasons to support your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149645

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