An individual deposits $1,366 at the end of each year for 7 years in an account that pays 7.9% interest compounded quarterly. How much is in the account at the end of the 7 years?
The bid-ask spread represents the ______.
a) Difference between the coupon rate and the market rate
b) Bondholder's profit
c) Issuer's profit
d) Dealer's profit