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On a given day a stock dealer maintains a bid price of $1,010.50 for a bond and an ask price of $1011.75. The dealer traded

On a given day a stock dealer maintains a bid price of $1,010.50 for a bond and an ask price of $1011.75. The dealer traded a total of 800 bonds. What was the dealer's gross trading profit for this security?

A.

$100

B.

$1000

C.

$1275

D.

$1,550

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