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You find that the bid and ask prices for a stock are $12.65 and $13.40, respectively. If you purchase or sell the stock, you must

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You find that the bid and ask prices for a stock are $12.65 and $13.40, respectively. If you purchase or sell the stock, you must pay a flat commission of $30. If you buy 300 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? Multiple Choice $30 $285 $60 $255

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