Use the Figure for the Question(s) Below

question 6

Multiple Choice

Use the figure for the question(s) below.
-What is the bid-ask spread on the stock shown above?

• A) 1 cent
• B) 3 cents
• C) 6 cents
• D) 12 cents

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Definitions:

Financial Theory

The study of economics that examines ways to manage and allocate financial resources, analyzing financial systems and markets.

Economics

The discipline within social science that examines the decision-making process of individuals, governments, companies, and countries in distributing resources to fulfill their desires and requirements.

S Corporations

A special tax status granted to certain corporations, allowing income to be passed through to shareholders and taxed at individual rates.

Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.