Calissia would like to sell 500 shares of the stock she owns in the Megabux Corporation, but only if she can sell them for at least $30 per share. She could ensure that her stock is sold only at or above $30 by issuing a market order to her broker.

Question

Quizplus · Accepted Answer

A market order is an instruction to buy or sell a stock at the best available price, which may not always be the price the seller wants. Therefore, Calissia cannot ensure that her stock is sold only at or above $30 by issuing a market order. She would need to set a limit order at $30 or higher to ensure this.

Calissia Would Like to Sell 500 Shares of the Stock