Lucas Wants to Sell 9,000 Shares of Stock and Places

question 101

Multiple Choice

Lucas wants to sell 9,000 shares of stock and places a market order. The floor broker is unable to arrange the sale with another floor broker so the specialist agrees to "stop" the stock. What has the specialist agreed to do?

• A)cancel the order
• B)place the order into the order book to hold until an order to buy 9,000 shares is received
• C)purchase the shares if no other buyer is readily available
• D)sell the shares to the next available buyer regardless of the price received
• E)sell the shares at the end of the trading day at the best price available at that time

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