A broker places an order to sell Intel short which is currently selling for $189.50. The lowest price at which the broker’s order can be executed is

Name: A broker places an order to sell Intel short which is currently selling for $189.50. The lowest price at which the broker’s order can be executed is
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Question

A broker places an order to sell Intel short which is currently selling for $189.50.  The lowest price at which the broker’s order can be executed is

Quizplus · Accepted Answer

A short sale order can be executed at the current market price or higher. Since the current price is $189.50, the lowest price at which the order can be executed is $189.50.

A Broker Places an Order to Sell Intel Short Which