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:
Verified
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