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On October 1, 2016, Apple stock had a bid price of $113.01 and an ask price of $113.05. What was the bid-ask spread for Apple?

On October 1, 2016, Apple stock had a bid price of $113.01 and an ask price of $113.05. What was the bid-ask spread for Apple?

A.

$1.45

B.

$0.04

C.

$2.03

D.

None of the above

E.

$0.54

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