Carl would like to sell 500 shares of the stock he owns in the Megabux Corporation, but only if he can sell them for at least $30 per share. He could ensure that his stock is only sold at or above $30 by placing a market order with his broker.

Question

Quizplus · Accepted Answer

A market order will execute the trade at the current market price, which may be below or above Carl's desired selling price of $30 per share. To ensure that his stock is only sold at or above $30 per share, Carl would need to place a limit order.

Carl Would Like to Sell 500 Shares of the Stock