Question: Question 9 (8 marks) Identify in each case below whether the trader is more likely to use a market order or a limit order. Explain.

Question 9 (8 marks) Identify in each case below whether the trader is more likely to use a market order or a limit order. Explain. [A] (4 marks) A trader is following one of the largest industrial stocks in the S&P 500. The stock just announces that its last quarter earnings are better than market expectation. [B] (4 marks) A trader is instructed by his client to sell 100,000 shares of a stock (to liquidate and get cash) by the end of the trade day. The average daily turnover over the past 10 days of this stock is about 500,000 shares

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