Question
Today, the stock of Apple(APPL) is quoted as: BID $329 ASK $330 You purchase 300 shares of APPL. You pay commissions of 0.1% of the
Today, the stock of Apple(APPL) is quoted as: BID $329 ASK $330 You purchase 300 shares of APPL. You pay commissions of 0.1% of the purchase amount
3 Months Later, the stock of Apple (APPL) is quoted as: BID $329 ASK $330 You sell your 200 shares of APPL. You pay commissions of $60 per trade.
What are your total transactions costs in this round trip?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
