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Level III
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Trading
Trading
Easy
Which of the following is classified as an implicit trading cost rather than an explicit trading cost?
A
Market impact cost from a large order moving the price
B
Brokerage commission of $0.03 per share
C
Exchange fee of $0.001 per share
D
UK stamp duty of 0.5% on equity purchases
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#trading-costs
#implicit-costs
#explicit-costs
#market-impact
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