I am taking the 7 again and remember a question that I thought was tricky.
If there is a transaction on the consolidating tape that reads 55.35.
A) Does he pay 55.35
B) Does he pay 55.35 plus a commission
C) Does he pay 55.15
D) Does he pay 55.15 plus a 5% mark up
Now I know in my book it says that stock trades are reported to the consolidated tape at the execution price without a commission.
Does this mean that the reported price doesnt include the commission but you need to add it or what?
Thanks whoever can help.