Smart Guys Securities Corporation has given a workable bid to Better Guys Securities Corporation. If market conditions change, Smart Guys may:
A)not change the bid
B)not change the bid unless first notifying the other dealer
C)change the bid only with prior approval of the other dealer
D)change the bid

Question

Quizplus · Accepted Answer

change the bid. A workable bid indicates a price level where a dealer is willing to negotiate business. It is not a firm bid and may be changed before becoming firm.

Smart Guys Securities Corporation Has Given a Workable Bid to Better