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What the potential minimum total transaction costs will be

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Reference no: EM132612506

Transaction costs

You would like to purchase A share of Berkshire Hathaway through your Scottrade brokerage account. Scottrade charges a ?$6 commission for online trades. You log into your? account, check the? real-time quotes for Berkshire Hathaway? (you see a bid price of ?$262,825 and an ask price of ?$263,810?) and submit your order.

Question a. What is the current? bid/ask spread for Berkshire Hathaway Class A? shares?

Question b. If Scottrade routes your buy order to the? NYSE, where Berkshire Hathaway is? listed, what's the potential minimum your total transaction costs will? be?

Question c.? If, instead, Scottrade routes your buy order to? NASDAQ, where Berkshire Hathaway is not? listed, what's the potential maximum your total transaction costs will? be?

Question d. Regardless of how your trade is? executed, based on the? bid/ask spread, what is the market value of your? trade?

Reference no: EM132612506

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