Angela placed a stop-limit order to sell 100 shares of RST stock at $28 when the...
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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? Select one: OA. Angela still owns her 100 shares of stock. OB. Angela's stock was sold for $24 a share. OC. Angela's stock was sold at a price between $19 and $24 a share. D. Angela's stock was sold for $28 a share. 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? Select one: OA. Angela still owns her 100 shares of stock. OB. Angela's stock was sold for $24 a share. OC. Angela's stock was sold at a price between $19 and $24 a share. D. Angela's stock was sold for $28 a share.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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