Solved: What is the dealer profit, Accounting Basics

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What is the dealer profit

Question 1: You overheard a dealer for Teldar Paper's stock saying that the bid and ask for Teldar were 23:19 AND 23:47, respectively. if you were looking to sell 100 shares of Teldar to the dealer, at what price per share could you sell them?

Question 2: If your friend Jimmy wants to buy 100 shares of Teldar from the dealer, at what price per share could he buy them?

Question 3: If both of these transactions occur, what is the dealer profit?

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