You Would Like to Sell 400 Shares of International Business

question 92

Multiple Choice

You would like to sell 400 shares of International Business Machines (IBM) . The current bid and ask quotes are $96.24 and $96.17, respectively. You place a limit sell-order at $96.20. If the trade executes, how much money do you receive from the buyer?

• A) $38,464.00
• B) $38,468.00
• C) $38,480.00
• D) $38,496.00