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You are an institutional investor interested in buying a certain security that is traded in an OTC market. You have the following two quotes from
"You are an institutional investor interested in buying a certain security that is traded in an OTC market. You have the following two quotes from dealers. Dealer H bid $71.98; offer $72.04: Dealer K bid $71.95; offer $72.02 If you wished to buy the security, which dealer would you buy from and what price?" a. Buy Dealer H at a price of $71.98 b. Buy Dealer H at a price of $72.04 O c. Buy Dealer Kat a price of $71.95 d. Buy Dealer Kat a price of $72.02 e. Buy at the average of Dealer K prices $71.985
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