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Assume you want to sell 100 shares of the famous, ubiquitous XYZ Corp. A dealer quotes the market in this stock as $21.50 bid/21.70 offered.
Assume you want to sell 100 shares of the famous, ubiquitous XYZ Corp. A dealer quotes the market in this stock as "$21.50 bid/21.70 offered". (2 points)
a. At what price can you sell the XYZ shares to this dealer immediately?
b. At what price can you buy the XYZ shares from this dealer immediately?
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