You place a limit sell-order at 9638 if the trade executes, Financial Management

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You place a limit sell-order at 9638 if the trade executes

Question

You would like to sell 100 shares of International Business Machines (IBM). The current bid and ask quotes are $96.42 and $96.35, respectively.

You place a limit sell-order at $96.38. If the trade executes, how much money do you receive from the buyer?

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Financial Management: You place a limit sell-order at 9638 if the trade executes

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Financial Management: You place a limit sell-order at 9638 if the trade executes

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