Which of the following statements is NOT true?
A) Odd lots consist of the purchase or sale of fewer than 100 shares of stock.
B) The commission rates on odd lots are often less expensive on a per share basis than for round lots.
C) Most trades on the NYSE are done via round lots.
D) When stock prices begin to rise above the preferred trading range, the cost of a round lot may move out of the range of several small retail traders.
Correct Answer:
Verified
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