Solved

Dr Balcom Is a Busy Opthamologist Who Has No Time

Question 101

Multiple Choice

Dr. Balcom is a busy opthamologist who has no time to trade during market hours. She likes Allergan products and thinks the stock is attractively priced at the day's close of $148.20. Over the past week, Allergan has traded between $145 and $160, fluctuating widely within each day. It is now 8:00 P.M. on a Wednesday evening. If Dr. Balcom wants to buy 200 shares of Allergan, she should


A) place a limit order to buy 200 shares at $148.20.
B) place a market order to buy 200 shares.
C) place a limit order to buy 200 shares at $145.
D) wait to see what happens the next day.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents