Midterm Exam

$($i$)$

$30$

You find that the bid and ask prices for a stock are $$11\mathrm{.}05$ and $$12\mathrm{.}30,$ respectively. If you purchase or sell the stock, you must pay a flat

$$30.$ If you buy $100$ shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

$1$

Doints

Multiple Choice

$8$ ot$19$:$35$

$$60$

$$30$

$$155$

$$185$