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Question
Marcus just placed a stop limit order to sell 100 shares at $21 stop, $18 limit. Which one of the following statements is correct concerning this order if the current market price is $16?A. As soon as the price rises to $18, the stock will be sold.
B. The stock will sell for at least $18 but less than $21.
C. The stock will sell for $18 a share as soon as the price hits $21.
D. The order will become a limit order to sell at $21 once the market price reaches $18.
E. The order will become a limit order to sell at $18 once the market price reaches $21.
Answer
This answer is hidden. It contains 15 characters.
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