You find that the bid and ask prices for a stock are 1425, Ask an Expert

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You find that the bid and ask prices for a stock are $14.25 and $15.45, respectively. If you purchase or sell the stock, you must pay a flat commission of $30. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

$60

$150

$180

$30

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91416929

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