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Scott Just Called His Broker to Place an Order to Sell

Question 139

Multiple Choice

Scott just called his broker to place an order to sell his 50 shares of IBM if the price falls to 100. Which of the terms below describe his order?


A) Stop order, round lot
B) Round lot, limit order
C) Market order, round lot
D) Limit order, odd lot
E) Odd lot, stop order

Correct Answer:

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