You find that the bid and ask prices for a stock are $10.25 and $10.30, respectively. If you purchase or sell the stock, you must pay a flat commission of $25 on each trade. If you buy 100 shares of the stock and immediately sell them, what is your total transaction cost in dollars?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You find that the bid and ask prices for a stock are $10.25 and $10.30, respectively. If you purchase or sell the stock, you must pay a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In 2011, Armenia had a real GDP of $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. What was Armenia's economic growth rate from 2011 to 2012
Answers (1)
If demand is price inelastic, then a. buyers respond substantially to a change in price, but the response is very slow. b. the demand curve is very flat. c. buyers do not respond much to a change in price. d.
Answers (1)
While a mechanic works on his car, a taxi driver takes Robert to his job as a warehouse laborer. At the end of his shift, he makes a reservation with an airline ticket agent and flies across the country on vacation.
Answers (2)
At the beginning of the period, the Fabricating Department budgeted direct labor of $51,000 and equipment depreciation of $59,000 for 3,400 hours of production. The department actually completed 4,100 hours of production.
Answers (1)
The use of teams is becoming increasingly prevalent in the U. S. workplace, partly because of the many benefits associated with teamwork. Which of the following are positive outcomes known to result from work teams? Check all that apply.
Answers (1)
New Questions in Business
Ctual total factory overhead incurred $ 28,175 Standard factory overhead: Variable overhead $ 3.10 per unit produced Fixed overhead ($12,000/12,000 predicted units to be produced) $ 1 per unit Predicted units produced 12,000 units Actual units
Answers (1)
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $800 and $400, respectively.
Answers (1)
One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for one firm are often debt for other financial institutions.
Answers (1)
SL Energy has $500,000 invested in a 2-stock portfolio. $250,000 is invested in Potts Manufacturing and the remainder is invested in Stohs Corporation. Potts' beta is 2.0 and Stohs' beta is 0.8. What is the portfolio's beta? the portfolio's beta?
Answers (1)
Calculate the future value of an account after you've contributed $1 comma 050 at the end of each year for 40 years assuming you can earn 6.00 percent compounded annually, and that you don't make a withdrawal during the 40-year period.
Answers (1)