Question

you would like to sell 130 shares of xenith bankshares, incorporated (xbks). the current ask and bid quotes are $4.18 and $4.14, respectively. you place a limit sell order at $4.17. if the trade executes, how much money do you receive from the buyer?

Answer 1

Step-by-step explanation:

130 shares x $4.18 per share = $543.40

So, if your limit sell order executes, you will receive $543.40 from the buyer.