Total implied and actual transaction cost in dollars

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Reference no: EM13847142

You find that the bid and ask prices for a stock are $14.25 and $15.45, respectively. If you purchase or sell the stock, you must pay a flat commission of $30. If you buy 100 shares of the stock and immediately sell them, what is your total implied and actual transaction cost in dollars?

$60

$150

$180

$30

Reference no: EM13847142

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