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K Transaction costs You would like to purchase one Class A share of Berkshire Hathaway through your TD Ameritrade brokerage account TD Ameritrade advertises
K Transaction costs You would like to purchase one Class A share of Berkshire Hathaway through your TD Ameritrade brokerage account TD Ameritrade advertises a 59 commission for trades using their phone-based interactive voice response system. You call and leam that the bid price is $285 705 00 and the ask price is $205 909 62, and you submit your order for one share a. What is the current bid/ask spread for Berkshire Hathaway Class A shares? b. If TD Ameritrade routes your buy order to the NYSE where Berkshire Hathaway is sted, what's the potential minimum your total transaction costs will be c. If instead. TD Ameritrade routes your buy order to NASDAQ, whers Berkshire Hathaway is not listed, what's the potential maximum your total transaction costs will be? d. Regardless of how your trade is executed, based on the bid'ask spread what is the market value of your trade?
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