A client places an order for 650 shares of a listed equity priced at $0.95 per share.
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Question:
A client places an order for 650 shares of a listed equity priced at $0.95 per share. How many standard trading units is this order?
a.6 standard trading units and an odd lot of 50 shares.
b.1 standard trading unit and an odd lot of 150 shares.
c.13 standard trading units.
d.An odd lot of 650 shares.
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