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You find that the bid and ask prices for a stock are $13.75 and $15.05, respectively. If you purchase or sell the stock, you must
You find that the bid and ask prices for a stock are $13.75 and $15.05, respectively. If you purchase or sell the stock, you must pay a flat comission of $20. If you buy 300 shares of the stock and immediately sell them. What is your total implied and actual transaction cost in dollars? Answers options are = $430, $410, $40, $20..... PLEASE show the work.
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