Multiple Choice
Pfizer Inc.(PFE) stock is currently trading on the NYSE with a quoted bid of $18.35 and an ask price of $18.40.At the same time NASDAQ dealers are posting for following bid and ask prices for PHE: 
Trading with which of these NASDAQ dealers provides an arbitrage opportunity when compared to the NYSE quotes?
A) Only NASDAQ dealer #1
B) Only NASDAQ dealer #2
C) Only NASDAQ dealer #3
D) Both NASDAQ dealer #1 and dealer #3
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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