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value 5.00 points You find that the bid and ask prices for a stock are $15.25 and $16.25, respectively If you purchase or sell the stock, you must pay a flat commission of S20. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars? O $20 O $140 $40 O $120 References Multiple Choice Dfficulty 2 Mecdium Le Check my work

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Answer #1

Second option is correct.

Total implied and actual transaction cost= (16.25-15.25)*100+20*2 = $ 140

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