Question: QUESTION 2 At 10:45 a.m., you placed a stop-loss order to sell 200 shares of Alpha stock at $43 a share. At 2:15 p.m., the

 QUESTION 2 At 10:45 a.m., you placed a stop-loss order to

QUESTION 2 At 10:45 a.m., you placed a stop-loss order to sell 200 shares of Alpha stock at $43 a share. At 2:15 p.m., the price of Alpha fell to $42.90 and then rose to $43.40 a share by the end of the trading day. Your order was executed that day. You would have received a price: None of the answers is correct. of $43.40 a share for her stock since that was the closing price on the day of execution. between $42.90 and $43.40 a share depending upon when her trade executed. of $42.90 a share for her stock since her order was already recorded in the specialist's book. equal to the average prices paid by the specialist during that trading day

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!