Financial Risk Manager Part 1
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An investor with a long position in a futures contract wants to issue instructions to close out the position. What instruction would cause a market-if-touched order to be used?
A
Execute at the best available price once a trade occurs at the specified or better price.
B
Execute at the best available price once a bid/offer occurs at the specified or 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.