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QUESTION
You find that the bid and ask prices for a stock are $12.35 and $13.20, respectively. If you purchase or sell the stock, you must pay a flat...
You find that the bid and ask prices for a stock are $12.35 and $13.20, respectively. If you purchase or sell the stock, you must pay a flat commission of $25. If you buy 200 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?
