When an investor sets a maximum price a broker can spend per share or a minimum price to accept when selling a stock,the investor is issuing a:

Question

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The investor is issuing a limit order, which sets a specific price at which to buy or sell a stock. A market order is an instruction to buy or sell a stock immediately at current market prices, without specifying a particular price. A price option is not a commonly used term in investing. A discretionary order is an instruction given to a broker to decide when to buy or sell securities, based on the broker's discretion.

When an Investor Sets a Maximum Price a Broker Can