Question
You find that the bid and ask prices for a stock are $11.05 and $12.30, respectively. If you purchase or sell the stock, you must
You find that the bid and ask prices for a stock are $11.05 and $12.30, respectively. If you purchase or sell the stock, you must pay a flat commission of $30. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? Multiple Choice $185 $155 $30 $60
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
