You find that the bid and ask prices for a stock are 1175, Ask an Expert

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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:

Question: What is your total implied and actual transaction cost in dollars?

$15
$180
$165
$30

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

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149694

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