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.

---

Definitions:

Biological Factors

Elements within an organism's biological makeup or environment that influence its behavior, health, and development.

Refractory Period

Following an initial stimulus, a phase where a nerve or muscle cannot react to more stimulation.

Achieve An Erection

The process where increased blood flow to the penis results in its enlargement and hardening, often due to sexual arousal.

Sexual Activity

Behaviors related to sex or the experience of sexual pleasure between individuals or with oneself.