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denpristay [2]
4 years ago
8

You would like to sell 290 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.50 and $4.46, respect

ively. You place a limit sell order at $4.49. If the trade executes, how much money do you receive from the buyer?
Business
1 answer:
RSB [31]4 years ago
7 0

Answer:

I will receive $1,302

Explanation:

Limit sell order is a term used to place a limit the price to sale a share at a fixed predetermined price of limit. When the price goes to your limit your stock will be sold at the limit price.

If the trade execute I will receives the price of limit sell order against each share.

Money I receive = 290 x $4.49 = $1,302.1

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Amy, a single individual and sole shareholder of Brown Corporation, sold all of the Brown stock for $30,000. The stock basis was
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Answer:

A) a $50,000 ordinary loss and $70,000 LTCL

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Answer:

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