The highest price a prospective buyer offers to pay for a security is a bid. The ask price is the lowest price a seller is offering. A quotation reflects both prices, and the difference between the bid and the asked price is called the spread.
The highest price a prospective buyer offers to pay for a security is a bid. The ask price is the lowest price a seller is offering. A quotation reflects both prices, and the difference between the bid and the asked price is called the spread.
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