Because stocks must be traded in round lots,or multiples of 100 shares,on the organized exchanges,individual investors can only trade in multiples of 100 shares at a time.

Question

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Stocks can be traded in any quantity, including less than 100 shares, which are known as odd lots, on organized exchanges. This allows individual investors to trade in quantities that are not multiples of 100 shares.

Because Stocks Must Be Traded in Round Lots,or Multiples of 100