Devin wants to purchase DEF stock for $40.00 or less.He should use a

Question

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Devin should use a limit order because he wants to purchase DEF stock for a specific price or less. A limit order allows the buyer to set a specific price that they are willing to pay for the stock. The order will only be filled if the stock reaches the specified price or lower. This ensures that Devin will not overpay for the stock and will only purchase it if it meets his desired price criteria.

Devin Wants to Purchase DEF Stock for $40