Question: Problem #7 (Bid-Ask Spread): You are asked to make a presentation to your client. Larry, on the importance of the bid-ask spread. 1. Define in

Problem #7 (Bid-Ask Spread): You are asked to make a presentation

Problem #7 (Bid-Ask Spread): You are asked to make a presentation to your client. Larry, on the importance of the bid-ask spread. 1. Define in your own words what is meant by the "bid price and the "ask price. 2. Suppose that Amazon stock has a bid price of $3.280.00 and an ask price of $3.282.06. Its close price was $3,284.00 on October 13 2021. What is Amazon's bid-ask spread? 3. Suppose that Tesla has a bid price of $775.25 and an ask price of $775.50. Its close price was $775.22 on October 18 2021. What is Tesla's bid-ask spread? 4. Which security, Amazon or Tesla, has the larger bid-ask spread? Explain why

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