In the trading of a security, the dealer's spread refers to _____.
A. the sum of the bid and asked prices of a security, which represents the dealer's revenue from a security transaction
B. the sum of the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction
C. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction
D. the difference between the bid and asked prices of a security, which represents the dealer's expenses from a security transaction
E. the ratio of the bid price of a security to its asked price, which represents the dealer's markup, or profit from a security transaction
Answer: C
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