You Have Been Watching a Stock That Has Dramatically Increased

question 112

Multiple Choice

You have been watching a stock that has dramatically increased in price for the last several days. Today it closed at $50 per share. You want to purchase this stock in the morning using your online brokerage account. You are willing to pay up to $53 a share but no higher. What type of purchase order should you use?

• A) a stop-loss order
• B) a good-til-cancel order
• C) a market order
• D) a limit order

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