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Question:

On a given day a bond broker maintains a bid of $1,010.50 for a bond and an ask price of $1,014.50. The broker made 27 trades that totaled 1,350 bonds traded that day.

Required:

What was the broker's gross trading profit for this security?

$5,400.00
$2,916.00
$1,350.00
$6,750.00

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149610

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