Which of the following is a solution to the given equation? 
Definitions:
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.
Tick Size
The minimum price movement of a trading instrument in the market, which can affect the precision of price and order placement.
Bid-Ask Spread
The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for an asset.
Dealers
Individuals or entities that act as principals in buying and selling securities for their own account.
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