Determine broker gross trading profit for security, Finance Basics

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Determine broker gross trading profit for security

Problem:

On a given day a bond broker maintains a bid of $1,010.50 for a bond and an ask price of $1,014.50. The broker made 27 trades that totaled 1,350 bonds traded that day.

Required:

Question: What was the broker's gross trading profit for this security?

$5,400.00
$2,916.00
$1,350.00
$6,750.00

Note: Please show how you came up with the solution.

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Finance Basics: Determine broker gross trading profit for security

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Finance Basics: Determine broker gross trading profit for security

Reference No:- TGS0879745

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Recent Questions Asked Finance Basics

Q : What is the coupon rate

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Q : Total implied and actual transaction cost

Q : Is there any software that can help me in recognizing a deer

Q : Determine broker gross trading profit for security

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determine broker gross trading profit for security

Reference No:- TGS0879745

Recent Questions Asked Finance Basics

Q : What is the coupon rate

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Q : Determine broker gross trading profit for security

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