On a Given Day a Stock Dealer Maintains a Bid

question 24

Multiple Choice

On a given day a stock dealer maintains a bid price of $1000.50 for a bond and an ask price of $1003.25.The dealer made 10 trades which totaled 500 bonds traded that day.What was the dealer's gross trading profit for this security?

• A) $1,375
• B) $500
• C) $275
• D) $1,450

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