Your broker quotes you an ask price of $21 for Stock XYZ and a bid price...
Your broker quotes you an ask price of $21 for Stock XYZ and a
bid price of $20. Which of the following is a
FALSE statement?
A. It would cost you $20 to purchase one share of the stock.
B. You could sell one share of the stock for $20.
C. The bid-ask spread is $1.
D. It would cost you $21 to purchase one share of the stock.
E. Your broker makes money by selling the stock for more than she
is willing to buy it for.
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Your broker quotes you an ask price of $21 for Stock XYZ and a
bid price...
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