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Author Question: Angela placed a stop-limit order to sell 100 shares of RST stock at $28 when the market price of RST ... (Read 149 times)

Aimless0988

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on: Mar 29, 2022

Question 1

An order to sell 300 shares of ABC stock at the best available price is called a
◦ limit order.
◦ market order.
◦ stop loss order.
◦ fill-or-kill order.

Question 2

Angela placed a stop-limit order to sell 100 shares of RST stock at $28 when the market price of RST was $31. Shortly after Angela placed her order, trading on RST was halted due to a pending news announcement. When trading re-opens RST is priced at $24 a share. Within minutes the price of RST began to drop further until it reached $19 a share. Which one of the following statements is correct concerning Angela's stop-limit order to sell?
◦ Angela's stock was sold for $28 a share.
◦ Angela's stock was sold for $24 a share.
◦ Angela's stock was sold at a price between $19 and $24 a share.
◦ Angela still owns her 100 shares of stock.
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
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Marked as best answer by Aimless0988 on Mar 29, 2022

swagmaster69

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Reply #1 on: Mar 29, 2022
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Aimless0988

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Reply 2 on: Mar 29, 2022
YES! Correct, THANKS for helping me on my review

sarah_brady415

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Reply 3 on: Yesterday
:D TYSM

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