Ask Question
13 March, 00:07

A broker/dealer bought ABC stock at 8 for its inventory position. A month later when the inter-dealer market for ABC was 10.50 - - 11.25, the broker/dealer sold the stock to a customer. The basis for the dealer's markup will be:[A] 8.00[B] 8.75[C] 10.50[D] 11.25

+3
Answers (1)
  1. 13 March, 00:23
    0
    [D] 11.25

    Step-by-step explanation:

    Broker/dealers must trade with customers based on the current bid and ask.

    10.50 Bid for customers selling

    11.25 Ask for customers buying
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A broker/dealer bought ABC stock at 8 for its inventory position. A month later when the inter-dealer market for ABC was 10.50 - - 11.25, ...” in 📗 Mathematics 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