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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

image text in transcribed 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 $210 $40 $230 $20

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