You find that the bid and ask prices for a stock are

$12.05

and

$13.00

, respectively. If you purchase or sell the stock, you must pay a flat commission of

$20

. If you buy 200 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?\ Multiple Choice\

$40

\

$20

\

$210

You find that the bid and ask prices for a stock are $12.05 and $13.00, respectively. If you purchase or sell the stock, you must pay a flat commission of $20. If you buy 200 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? Multiple Choice $40 $20 $210