Steve placed a limit order to sell 500 shares of stock at $14 a share.Which of the following does Steve know for sure?
I.His order will execute but the time of execution is unknown.
II.His order may never execute.
III.He will receive exactly $7,000 if his order executes.
IV.He could receive more,but not less,than $14 a share.
A) I and III only
B) I and IV only
C) II and III only
D) II and IV only
E) I only
Correct Answer:
Verified
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