An investor would place a ________________ order to purchase a security at a specific price.

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An investor would place a limit order to purchase a security at a specific price. This allows the investor to specify the maximum price they are willing to pay for the security, and if the market price reaches or falls below that price, the order is executed. This differs from a market order, which simply buys the security at the current market price, and a margin order, which involves borrowing money to make the purchase. Short selling involves selling a security that the investor does not own, with the hope of buying it back at a lower price in the future.

An Investor Would Place a ________________ Order to Purchase a Security