Suppose the current bid and ask prices for GNS corp. are $54.50 and $54.60, respectively. Suppose you have submitted a limit order to buy at $54.65. What will happen? The trade will be executed at $54.50 The trade will not be executed because the bid price is higher than the price specified in the limit-sell order. The trade will not be executed because the ask price is higher than the price specified in the limit-sell order. The trade will be executed at $54.60