Angela Placed a Stop- Limit Order to Sell 100 Shares

question 5

Multiple Choice

Angela placed a stop- limit order to sell 100 shares of RST stock at $28 when the market price of RST was $31. Shortly after Angela placed her order, trading on RST was halted due to a pending news announcement. When trading re- opens RST is priced at $24 a share. Within minutes the price of RST began to drop further until it reached $19 a share. Which one of the following statements is correct concerning Angela's stop- limit order to sell?

• A) Angela's stock was sold for $28 a share.
• B) Angela's stock was sold at a price between $19 and $24 a share.
• C) Angela's stock was sold for $24 a share.
• D) Angela still owns her 100 shares of stock.

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