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dbomb1 dbomb1
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2 years ago
At 10:45 a.m., Ashley 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. Ashley order was executed that day. Ashley would have received a price

▸ of $42.90 a share for her stock since her order was already recorded in the designated market maker's book.

▸ 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.

▸ equal to the average prices paid by the designated market maker during that trading day.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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Hope89Hope89
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dbomb1 Author
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2 years ago
Thank you, thank you, thank you!
SlimyPencil
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Just got PERFECT on my quiz
Holly72492
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Correct Slight Smile TY
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