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A Day Order to Sell at a Limit of $32

Question 38

Multiple Choice

A day order to sell at a limit of $32 will be:


A) executed at the next available price once a trade occurs at the limit price.
B) cancelled at the end of the day if not executed.
C) executed only if the purchase price is less than the limit amount.
D) executed at the end-of-day price if $32 has not been obtained.
E) transferred to a market order on the following day if not executed at the limit price.

Correct Answer:

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