The bid/ask spread for a stock is $0.05, and you pay $1 in commissions to buy or sell a stock. What is your total transaction cost if you buy 1000 shares of this stock. Assume (1) your purchase does not affect the bid/ask spread, (2) you can buy all 1000 shares in one trade, and (3) you include the transaction cost of eventually selling the stock. $0.72 $5.20 $52 $72