You would like to purchase one ClassA share of Berkshire Hathaway through your TD Ameritrade brokerage account. TD Ameritrade advertises a $5 commission for trades using their phone-based interactive voice response system. You call and learn that the bid price is $285,705.59 and the asking price is $285,909.62 , and you submit your order for one share. a. The current bid/ask spread for Berkshire Hathaway Class A shares is $________ (Round to the nearest cent.) b. If TD Ameritrade routes your buy order to the NYSE, the potential minimum for your total transaction costs is $________ (Round to the nearest dollar.) c. If TD Ameritradevroutes your buy order to NASDAQ, the potential maximum for your total transaction costs is $________ (Round to the nearest cent.) d. Regardless of how your trade is executed, based on the bid/ask spread, the market value of your trade is $________ (Round to the nearest cent.)
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You would like to purchase one ClassA share of Berkshire Hathaway through your TD Ameritrade brokerage account. TD Ameritrade advertises a $5 commission for trades using their phone-based interactive voice response system. You call and learn that the bid price is $285,705.59 and the asking price is $285,909.62 , and you submit your order for one share.
a. The current bid/ask spread for Berkshire Hathaway Class A shares is $________ (Round to the nearest cent.)
b. If TD Ameritrade routes your buy order to the NYSE, the potential minimum for your total transaction costs is $________ (Round to the nearest dollar.)
c. If TD Ameritradevroutes your buy order to NASDAQ, the potential maximum for your total transaction costs is $________ (Round to the nearest cent.)
d. Regardless of how your trade is executed, based on the bid/ask spread, the market value of your trade is $________ (Round to the nearest cent.)
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