You would like to purchase one class A share of Berkshire Hathaway through your Scottrade brokerage account. Scottrade charges a $66 commission for…

You would like to purchase one

class

A share of Berkshire Hathaway through your Scottrade brokerage account. Scottrade charges a ​$66 commission for online trades. You log into your​ account, check the​ real-time quotes for Berkshire Hathaway​ (you see a bid price of ​$262 comma 900262,900 and an ask price of ​$263 comma 730263,730​) and submit

your order.a. What is the current​ bid/ask spread for Berkshire Hathaway

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A​ shares?b. If Scottrade routes your buy order to the​ NYSE, where Berkshire Hathaway is​ listed, what’s the potential minimum your total transaction costs will​ be?c.​ If, instead, Scottrade routes your buy order to​ NASDAQ, where Berkshire Hathaway is not​ listed, what’s the potential maximum your total transaction costs will​ be?d. Regardless of how your trade is​ executed, based on the​ bid/ask spread, what is the market value of your​ trade?

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