Which One of the Following Statements About Limit Orders Is

question 48

Multiple Choice

Which one of the following statements about limit orders is correct?

• A) The trade may be executed only at the limit price or better at any time prior to expiration or cancellation of the order.
• B) The execution of the trade will occur prior to the close of trading on the day the trade is placed.
• C) The execution will occur at the regular open on the day following the day the trade is placed.
• D) The trade will be executed at the market price at the end of the third business day, if not executed previously at the limit price.