What is total implied and actual transaction cost in dollars

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Question 1: You find that the bid and ask prices for a share are $18.0 and the ask price is $0.07 higher than the bid price. If you purchase or sell the share you must pay a flat commission of $18. If you buy 419 shares of the share and immediately sell them, what is your total implied and actual transaction cost in dollars and two decimal places?

Reference no: EM132918884

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