Question
If the current ask price of Howard Inc. stock is $11.50, commission charge for a trade is $5, and the total transaction cost for executing
If the current ask price of Howard Inc. stock is $11.50, commission charge for a trade is $5, and the total transaction cost for executing the trade of 100 shares in a dealer market is $30, what is the current bid price of Howard's stock?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
