Question: The current inside (best) quote for ABC stock is given as follows: Bid: $220 Ask $220.5 Which one of the following statement is NOT correct?

The current inside (best) quote for ABC stock is given as follows:

Bid: $220 Ask $220.5

Which one of the following statement is NOT correct?

A. If you place a stop order of $ 220.2 to sell, it will be executed immediately since the bid price of $220 is lower than $220.2.

B. If you place a limit order of $220.4 to buy, it will not be executed unless the ask price drops to $220.4 or lower.

C. If you place a limit order of $220.5 to sell, it will be executed immediately.

D. If you place a market order to sell, it will be executed immediately at $220.

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