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Explicit transaction costs include: Commissions paid to brokers. B Fees paid to exchanges. (C) The bid/ask spread. (D) All of the above. (E) Only a.

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Explicit transaction costs include: Commissions paid to brokers. B Fees paid to exchanges. (C) The bid/ask spread. (D) All of the above. (E) Only a. and b. (F) Only b. and c

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