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Question
Which of the following is false with respect to the regulatory changes in trading?a. The SEC cost study in 2001 indicated that for many types of orders, investors get worse prices when they trade on the NASDAQ than on the NYSE.
b. Stocks are now traded with a spread of 1/16.
c. Regulation FD requires that information be made available to all investors at the same time.
d. Decimalization was adopted in 2001 with minimum price changes of one cent.
e. Cost differences exist because of structural differences between the NYSE and NASDAQ.
Answer
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