Stan Donalds,president of Covell Corporation,requested that ten shares of his XYZ stock be sold at a price equal to or better than $70.Stan placed a(n)________ order with his broker.

Question

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A market order is an instruction to buy or sell a security at the prevailing market price. In this case, Stan wants his shares to be sold at a price equal to or better than $70, so he would use a market order to ensure that his shares are sold at the best possible price at the time of execution.

Stan Donalds,president of Covell Corporation,requested That Ten Shares of His