What is the total implied and actual transaction cost

Reference no: EM131974419

Question: You find that the bid and ask prices for a stock are $12.95 and $13.60, respectively. If you purchase or sell the stock, you must pay a flat commission of $35. If you buy 300 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

Reference no: EM131974419

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