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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Definitions:

Sales

The total revenue generated from selling goods or services over a specific period of time.

Defined Contribution Pension Plan

A type of retirement plan in which an employer, employee, or both make contributions on a regular basis, but the future benefit received by the employee depends on the plan's investment performance.

Vacation Pay

Compensation for employees for time not worked due to vacation, as mandated by organizational policies or labor laws.

Pension Benefit

A retirement plan that specifies the amount of payment an employee will receive upon retirement, based on factors like years of service and salary history.