You would like to sell 100 shares of Pfizer, Inc. (PFE). The current bid and ask quotes are $27.22 and $27.25, respectively. You place a limit sell-order at $27.24. If the trade executes, how much money do you receive from the buyer?
A) $2,722.00
B) $2,724.00
C) $2,725.00
D) $5,446.00

Question

Quizplus · Accepted Answer

The trade executes at your limit price of $27.24 per share. Since you are selling 100 shares, you would receive $27.24 * 100 = $2,724.00 from the buyer.

You Would Like to Sell 100 Shares of Pfizer, Inc