Question
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. |
|
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
12th Global Edition
1292268859, 978-1292268859
