You would like to purchase $1$ share of Timko company through your Scottrade brokerage account. Scottrade charges $$5$ commissions for online trades. You log into your account, check the real$-$time quotes for Timko company and see a bid price of $$285,705\mathrm{.}59$ and an ask price of $$285,909\mathrm{.}62$ and submit your order.

a$.$ Regardless of how your trade is executed, based on the bid$/$ask spread what is the market value of Timko's stock

b$.$ What is the current bid$/$ask spread for Timko company shares?

Points $10$