Multiple Choice
Marcus just placed a stop limit order to sell 100 shares at $21 stop,$18 limit.Which one of the following statements is correct concerning this order if the current market price is $16?
A) As soon as the price rises to $18, the stock will be sold.
B) The stock will sell for at least $18 but less than $21.
C) The stock will sell for $18 a share as soon as the price hits $21.
D) The order will become a limit order to sell at $21 once the market price reaches $18.
E) The order will become a limit order to sell at $18 once the market price reaches $21.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: An order to sell that involves a
Q26: Kelly wants to sell 600 shares of
Q29: The stocks listed on the Pink Sheets:<br>A)
Q34: An order book displays the following information:
Q39: NASDAQ has which of the following characteristics?<br>I.
Q52: When stocks are held in an index
Q59: Which one of the following is the
Q70: ML Underwriters paid an issuer $37,694,528 as
Q79: Which one of the following statements related
Q86: Which one of the following statements concerning