
Explanation:
A stop buy order at 31 is an order to buy if/when the price rises to 31; a limit sell is an order to sell a stock as soon as possible at the limit price or higher.
(Book 3, Module 33.2, LO 33.e)
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Question 50
A trader has issued the following orders to her broker when GMB Corp. is trading at 29 and RML Corp. is trading at 17:
This trader has issued what types of market orders?
A
GMB: Limit buy | RML: Limit sell
B
GMB: Stop buy | RML: Limit sell
C
GMB: Limit buy | RML: Stop sell
D
GMB: Stop buy | RML: Stop sell
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