Selling Stock with a Limit Order You Would Like to Sell

question 40

Multiple Choice

Selling Stock with a Limit Order 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

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