Question
a) You discover that the bid price for a share is $31.90, while the ask price is $0.08 higher than the bid price. If you
a) You discover that the bid price for a share is $31.90, while the ask price is $0.08 higher than the bid price. If you buy or sell the share, you must pay a $12.00 commission. What is the total implied and actual transaction cost in dollars and two decimal places if you buy 490 shares of the company and immediately sell them?
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
