McDonald's stock is now selling for $92 per share.Kim wants to buy 100 shares but only if she can do so at $90 or less.She should place a(n)

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Kim should place a limit order as she wants to buy 100 shares but only if she can do so at $90 or less. A limit order allows her to set a specific price limit for buying the stock, and if the stock price drops to her desired level or below, her order will be executed at the limit price or lower. This ensures that she doesn't pay more than she wants for the shares. A stop order, on the other hand, would be used if Kim wanted to sell the shares if their price falls below a certain level, and a market order would execute immediately at the current market price regardless of the price level. An odd-lot order is a small stock order of less than 100 shares, which does not apply in this case.

McDonald's Stock Is Now Selling for $92 Per Share