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    Bid and Ask price per share

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    a. 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?

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

    c. If both of these transactions occur, what is the dealer profit?

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    Solution Preview

    The bid price is what the dealer would buy the shares and the ask price is what the dealer will sell the shares.

    a. If you are looking to sell the ...

    Solution Summary

    The solution explains how to determine the bid and ask price per share.