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if the ask price of a stock is £5 and the bid price £3 and you have invested £100m on this stock what is its liquidation cost? a)3.5% b)0.01 c)1.5% d)2.6

if the ask price of a stock is £5 and the bid price £3 and you have invested £100m on this stock what is its liquidation cost? a)3.5% b)0.01 c)1.5% d)2.6

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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if the ask price of a stock is £5 and the bid price £3 and you have invested £100m on this stock what is its liquidation cost? a)3.5% b)0.01 c)1.5% d)2.6
Transcribed Image Text:if the ask price of a stock is £5 and the bid price £3 and you have invested £100m on this stock what is its liquidation cost? a)3.5% b)0.01 c)1.5% d)2.6
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