Which one of the following statements about limit orders is correct?
A) The execution of the trade will occur prior to the close of trading on the day the trade is placed.
B) The execution will occur at the regular open on the day following the day the trade is placed.
C) The trade may be executed only at the limit price or better at any time prior to expiration or cancellation of the order.
D) The trade will be executed at the market price at the end of the third business day, if not executed previously at the limit price.
Answer: C
You might also like to view...
The formula presentation method is more structured compared to the canned sales presentation method.
Answer the following statement true (T) or false (F)
(CMA adapted, Jun 90 #21) Regarding the information for Ramer Company and Matson Company, assume that some of the ratios and data for Ramer and Matson are affected by income taxes. Assuming no interperiod income tax allocation, which of the following items would be directly affected by income taxes for the period?
a. debt-equity ratio and dividend payout ratio b. current ratio and debt-equity ratio c. return on investment and earnings per share d. interest coverage ratio and current ratio e. none of the above
Operating information that has not been stated in dollar terms is called ________ measure
a. appraisal b. internal failure c. prevention d. nonfinancial
Which of the following items do not require marking?
a. Bulk materials b. Items produced more than 20 years prior to importation c. Works of art d. All of the above