[quote]Is there a "correct" way? [/quote]As a matter of fact there is.
Two spaces after a sentence is a holdover from the days of [url=http://en.wikipedia.org/wiki/Monospaced_font]monospaced fonts[/url] used on typewriters. With the introduction of proportional fonts used in word processors, web pages, and everywhere else now, two spaces after a sentence is now arcane. No typing or English teacher should ever be requiring two spaces after a period.
If they do, feel free to refer them to the Chicago Manual of Style, where it is NOT recommended except for monospaced fonts (which nobody uses anymore). See Sec. 2.9: "Like most publishers, Chicago advises leaving a single character space, not two spaces, between sentences and after colons used within a sentence, and this recommendation applies both to manuscripts and published works."
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Chicago is the most manually stylish of all places.
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[quote]If they do, feel free to refer them to the Chicago Manual of Style,[/quote] Partially for me, I was also reminded of this mainly because the Chicago Manual of Style is what I used during college to draft in MLA format but was still not considered "published works" in that I was merely writing for an assignment. Thanks for the textbook definition, I need to touch up on a few of these rules again.