You find that the bid and ask prices for a stock are 1025, Ask an Expert

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You find that the bid and ask prices for a stock are $10.25 and $10.30 respectively. If you purchase or sell the stock you must pay a flat commission of $25. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

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Financial Management, Finance

Category:- Financial Management
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