At 10:45 a.m., Ashley placed a stop-loss order to sell 200 shares of Alpha stock at $43 a share. At 2:15 p.m., the price of Alpha fell to $42.90 and then rose to $43.40 a share by the end of the trading day. Ashley order was executed that day. Ashley would have received a price
A) of $42.90 a share for her stock since her order was already recorded in the designated market maker's book.
B) of $43.40 a share for her stock since that was the closing price on the day of execution.
C) between $42.90 and $43.40 a share depending upon when her trade executed.
D) equal to the average prices paid by the designated market maker during that trading day.
Correct Answer:
Verified
Q109: Heather places an order to buy 525
Q110: Which one of the following statements is
Q111: In which of the following cases might
Q112: Which one of the following statements about
Q113: Stefan places a good-'til-canceled limit order to
Q115: An odd-lot trade involves a trade
A) of
Q116: McDonald's stock is now selling for $190
Q117: Mike bought 200 shares of EG stock
Q118: Ryan bought a stock three years ago
Q119: An order to sell 300 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents