Suppose you buy $10,000$ shares of Oronco Company common stock. The stock trades over the

counter and the dealer$$s bid and asked prices are $$1\mathrm{.}50$ and $$1\mathrm{.}75,$ respectively. The commission

cost for buying $($or selling$)10,000$ shares is $$250.$

a$.$ How much money do you pay in total for the $10,000$ shares?

b$.$ Suppose that you must sell the shares two days later because of a financial emergency. How

much money do you receive, assuming the bid$-$asked prices remain unchanged?

c$.$ Calculate the percentage loss on your two$-$day investmen