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An asset management firm’s portfolio manager is conducting an evaluation of the current portfolio to determine if it aligns with the firm’s revised market forecasts and ideal asset allocation. During this assessment, the portfolio manager identifies a long position in a futures contract that is inconsistent with the portfolio’s objectives. The manager plans to exit this position by using a market-if-touched order. Which of the following actions would correctly utilize this order type?
A
Execute at the best available price once a trade occurs at the specified price or a better price.
B
Execute at the best available price once a bid or offer occurs at the specified price or a worse price.
C
Allow a broker to delay execution of the order to get a better price.
D
Execute the order immediately or not at all.