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Homework: Ch 2 HW Save Score: 0 of 1 pt 1 of 2 (0 complete) HW Score: 0%, 0 of 2 pts P2-1 (similar to)

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Homework: Ch 2 HW Save Score: 0 of 1 pt 1 of 2 (0 complete) HW Score: 0%, 0 of 2 pts P2-1 (similar to) Question Help Transaction costs You would like to purchase one Class A share of Berkshire Hathaway through your Scottrade brokerage account. Scottrade charges a $8 commission for online trades. You log into your account, check the real-time quotes for Berkshire Hathaway you see a bid price of $262.800 and an ask price of $263,750) and submit yobr order. a. What is the current bid/ask spread for Berkshire Hathaway Class A shares? b. If Scotrade routes your buy order to the NYSE, where Berkshire Hathaway is listed, what's the potential minimum your total transaction costs will be c. If instead, Soottrade routes your buy order to NASDAQ, whore Berkshire Hathaway is not listed, what's the potential maximum your total transaction cost will be? d. Regardless of how your trade is executed, based on the bid/ask spread, what is the market value of your trade? a. The current bidas spread for Berkshire Hathaway Class A shares in (Round to the nearest dollar)

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