Stuart wants to buy additional stock in Admiral Engines, but the price of the stock has fluctuated in recent days. He wants to make sure he doesn't pay too much. His analysis suggests that $26 per share is the highest price he should pay. Stuart is likely to place a _____ with his broker.

Question

Quizplus · Accepted Answer

Stuart should place a limit order because he wants to buy at a specific price or lower. A market order would buy the stock at the current market price, which could be higher than Stuart's desired price. Short-price and protection orders are not relevant to this situation.

Stuart Wants to Buy Additional Stock in Admiral Engines, but the Price