Finance · Dealer
How is a securities dealer's primary trading profit or loss determined?
- 1The annual advisory fee based on total assets under management
- 2The interest earned on margin accounts held by retail clients
- 3The fixed commission percentage charged to investors per transaction
- 4The difference between the bid price paid and the ask price received for a security✓
Correct answer
The difference between the bid price paid and the ask price received for a security
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