Question: 70) Specialists try to maintain a narrow bid-ask spread because: 1. If the spread is too large, they will not participate in as many trades,

70) Specialists try to maintain a narrow bid-ask spread because: 1. If the spread is too large, they will not participate in as many trades, losing commission II. The exchange requires specialists to maintain price continuity IIL Specialists are non-profit entities designed to facilitate market transactions rather than profit. A) II and III only B ) I only I and II only D) I, II, and

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