On a given day a bond broker maintains a bid of $1,006.00 for a bond and an
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On a given day a bond broker maintains a bid of $1,006.00 for a bond and an ask price of $1,009.00. The broker made 18 trades that totaled 900 bonds traded that day. What was the broker's gross trading profit for this security?
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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