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Closing Quote - A closing quote is the final bid-ask prices that are recorded by a specialist or market maker in his book at the end of the trading day. The final bid-ask quote is the amount an issuer has agreed to take on the stock he is willing to sell, and the final price an investor is willing to pay for the stock that the issuer is offering. A specialist is the stock exchange member who records all the transactions for certain exchange trading of securities to maintain the stock inventory records. He or she is in charge of keeping an orderly market for the shares being issued and sold. |
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