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Suppose that Company A has a bid of $34.5 and an ask of $34.57, whereas Company B has a bid of $3 and an ask

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Suppose that Company A has a bid of $34.5 and an ask of $34.57, whereas Company B has a bid of $3 and an ask of $3.04. Calculate the bid-ask spread as a percentage of the ask price for each firm. (a) What is the bid-ask spread for Company Az Round your anower to two decimal places. The bidiank spread for Company A, is (b) What is the bid-ask spread for Company B? Round your answer to two decimal places: The bid-ask spread for Company 8 , is

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