Kenny wants to sell his stock at a specified price or higher without a guarantee that his order will be executed. He should use a stop order.

Question

Quizplus · Accepted Answer

Kenny should use a limit order to sell his stock at a specified price or higher, as a limit order allows him to set the minimum price he is willing to accept, without a guarantee of execution. A stop order is used to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price.

Kenny Wants to Sell His Stock at a Specified Price