Asked by Cole

You want to buy a share of Acme Corp. stock. Your on-line broker shows a bid price of $30, and has a bid-ask spread of $.50. Assuming you buy “at the market” (i.e., at the prices currently quoted) how much will you pay for a share of the stock? How much will the seller of each share that you buy receive? Explain.
Answered by MAJ
Dude, you're in my class at Harvard.
Answered by Cole
HAHA.. Having trouble with this one
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