An order for 1,850 shares of stock involves
A)one block lot,8 round lots,and one odd lot.
B)one block lot and one odd lot.
C)18 round lots and one odd lot.
D)one round lot and one odd lot.

Question

Quizplus · Accepted Answer

A round lot in stock trading typically consists of 100 shares, and any amount of shares that doesn't fit into this structure is considered an odd lot. Therefore, 1,850 shares would break down into 18 round lots (1,800 shares) and one odd lot (50 shares).

An Order for 1,850 Shares of Stock Involves