Multiple Choice

$2$ points

A day order to sell at a limit of $$46$ will be:

executed only if the purchase price is less than the limit amount.

executed at the end$-$of$-$day price if $$46$ has not been obtained.

executed at the next available price once a trade occurs at the limit price.

transferred to a market order on the following day if not executed at the limit price.

cancelled at the end of the day if not executed.