Use the table for the question(s) below.
Consider the following two quotes for XYZ stock: 
-How much would you have to pay to purchase 100 shares of XYZ stock on November 18th?
Definitions:
Spot Prices
The present selling or buying price of an asset available for immediate transfer.
Transaction Costs
The expenses incurred when buying or selling securities, including broker fees and taxes.
Futures Markets
Competitive marketplaces where parties can trade standardized futures contracts; that is, legal agreements to buy or sell something at a predetermined price at a specified time in the future.
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