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Realizing That Mississippi Industries Stock Currently Sells for $35 a Share

Question 347

Multiple Choice

Realizing that Mississippi Industries stock currently sells for $35 a share, Juanita directed her broker to buy 100 shares if and when the price dropped to $33. Juanita placed a ________ order with her broker.


A) market
B) limit
C) margin
D) confirmation

Correct Answer:

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