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What is the total bid-ask spread

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Raya places a market order with her broker to buy 1,000 shares of TS Corp. The broker buys 1,000 shares at $13 each, and sells them to Raya at $13.05 each. He also charges a commission of $10.00 in total. What is the total bid-ask spread in this case?

Please show work with formula.

Reference no: EM132381142

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