Mark Just Placed a Stop Limit Order to Sell 100

question 67

Multiple Choice

Mark just placed a stop limit order to sell 100 shares at $21 stop, $18 limit. Which one of the following statements is correct concerning this order if the current market price is $16?

• A)As soon as the price rises to $18, the stock will be sold.
• B)The stock will sell for at least $18 but less than $21.
• C)The stock will sell for $18 a share as soon as the price hits $21.
• D)The order will become a limit order to sell at $21 once the market price reaches $18.
• E)The order will become a limit order to sell at $18 once the market price reaches $21.

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Definitions:

Visceral

Pertaining to viscera, the internal organs, especially the abdomen.

Parietal Pleura

The outer membrane that lines the inner wall of the thoracic cavity, opposed to the visceral pleura covering the lungs.

Lung Ventilation Scan

A diagnostic imaging test that measures airflow and blood flow in the lungs, often using radioactive materials to view the organ's function.

Inhalation

Inhalation is the process of breathing in air or other gases, including the intake of substances such as medications delivered via the respiratory tract.