Question: Explain why the bid-ask spread is a transaction cost. (Select from the drop-down menus.) Investors always buy at the and sell at the prices always

Explain why the bid-ask spread is a transaction cost. (Select from

Explain why the bid-ask spread is a transaction cost. (Select from the drop-down menus.) Investors always buy at the and sell at the prices always exceed prices, investors " this difference. It is one of the transaction costs. Since the market makers take the other side of the trade, they make this difference

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