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Which of the following statements regarding bid and ask prices is false ? The ask price is the lowest price offered to sell a security
Which of the following statements regarding bid and ask prices is false?
| The ask price is the lowest price offered to sell a security | |
| The bid-ask spread equals the amount by which the bid price exceeds the ask price | |
| The bid price is the price investors receive when they sell a security | |
| In a dealer market, the bid price is the price at which the dealer is willing to buy a security | |
| In a dealer market, the bid-ask spread represents the dealer's profit for "making a market" in a security |
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