You find that the bid and ask prices for a stock are 1375, Ask an Expert

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You find that the bid and ask prices for a stock are $13.75 and $15.05, respectively. If you purchase or sell the stock, you must pay a flat commission of $20. If you buy 300 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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