00:01
Hello students, we are given a question here that you would like to sell 400 shares of international business machines, ibm.
00:08
The current bid and ask quads are nothing but equal to $96 .24 and $96 .17 respectively.
00:16
You place a limit sale order at $96 .2 and if the trade executes, then how much money do you receive from the buyer? okay, students? so we are supposed to know that here.
00:29
If to execute the order, the price should be more than or equal to 96.
00:35
Here we can say that, $96 .2.
00:38
As the ask prices, nothing but equal to here, as we can see, ask prices, 96 .17.
00:48
Okay, which is less than the limit sell order price.
00:51
So we can even mention below that to execute the, to execute the order, the order, the price should be the price students should be more than or equal to more than or here we can say that equal to ninety six point two dollar ninety six point two dollar as the ask price students we can say that here as the ask quarts or ask price is nothing nothing but equal to 96 .17 dollar.
01:43
Okay, students, which is less than, we can write here, which is less than, less than the limit sell order price, the limit, okay, students, limit sell order price.
02:06
Now, what we can state here, let the, we can say that here.
02:11
So if the trade executes, so if the trade executes, if the trade executes, we will receive, we will receive...