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Principles of Finance (2) Ashton Fishinghawk Homework: Chapter 2 HW Score: 0 of 1 pt 3 of 8( completo HW Score: 87.5%, 7 of 8
Principles of Finance (2) Ashton Fishinghawk Homework: Chapter 2 HW Score: 0 of 1 pt 3 of 8( completo HW Score: 87.5%, 7 of 8 pts P2-1 (similar to) Question Help O Transaction costs you would like to purchase one Class A share of Berkshire Hathaway through your Scottrade brokerage account. Scotirade charges a $7 commission for online trades. You log into your account, check the real-time quotes for Berkshire Hathaway you see a bid price of $262.825 and an as price of $260,790) and submit your order a. What is the current bidesk spread for Berkshire Hathaway Class A shares? b. Scottrade routes your buy order to the NYSE, where Berkshire Hathaway is isted, what's the potential minimum your total transaction costs will be? c. Instead, Soottrade routes your buy order to NASDAQ, where 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 bidesk spread, what is the market value of your trade? a. The current bidlask spread for Berkshire Hathaway Class A shares is (Round to the nearest dolar)
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