Multiple Choice
Angela placed a stop-limit order to sell 100 shares of RST stock at $28 when the market price of RST was $31. Shortly after Angela placed her order, trading on RST was halted due to a pending news announcement. When trading re-opens RST is priced at $24 a share. Within minutes the price of RST began to drop further until it reached $19 a share. Which one of the following statements is correct concerning Angela's stop-limit order to sell?
A) Angela's stock was sold for $28 a share.
B) Angela's stock was sold for $24 a share.
C) Angela's stock was sold at a price between $19 and $24 a share.
D) Angela still owns her 100 shares of stock.
Correct Answer:
Verified
Correct Answer:
Verified
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