Which of the following characteristics accurately describes the stock market? A fixed-income market where participants buy and sell debt securities An active market that determines the price of a firm's shares The difference between the price at which a dealer will sell a certain security and the price at which a dealer will buy a security is called the David, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alexis, is willing to sell 1,500 shares of the same stock. Unfortunately, David and Alexis don't know one another and must complete their transactions using the stock exchange's market-making dealer. XYZ's market maker is willing to sell her shares for $32.70 per share and purchase additional shares for $31.25 per share. Select the most appropriate values in the following table: If the market maker is willing to purchase the entire block of 1,500 shares from Alexis and, from that block, reseli 1,000 shares to David, then the market maker's net profit from David's transaction-excluding any inventory effects-will be