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Thursday, January 31, 2013 8:11:11 PM
If you have access to the proper online pricing systems, you can see the bid and ask prices. The Nasdaq structures its pricing around the bid-ask.
You will notice that the bid price and the ask price are never the same. The ask price is always a little higher than the bid price.
What this means is if you are buying the stock you pay the ask price (the higher price) and if you are selling the stock you receive the bid price (the lower price).
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