ABC's Share Is Now Selling for $57 Per Share

question 28

Multiple Choice

ABC's share is now selling for $57 per share. Kim wants to buy 100 shares but only if she can do so at $55 or less. She should place a(n)

• A) stop order.
• B) limit order.
• C) odd- lot order.
• D) market order.

---

Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Investment

The allocation of resources, usually money, into assets or projects expected to yield future returns.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount lent, which lenders charge borrowers or pay to savers.

Wine Drinkers

Individuals who consume wine, a beverage made by fermenting grapes or other fruits.