Sally Has Researched GLE and Wants to Pay No More

question 80

Multiple Choice

Sally has researched GLE and wants to pay no more than $50 for the stock. Currently, GLE is trading in the market for $54. Sally would be best served to

• A) buy using a limit order.
• B) buy using a market order.
• C) use the bid-ask spread to her advantage.
• D) None of the options.

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Definitions:

Right of Lien

The legal right to retain possession of property belonging to another person until a debt owed by that person is discharged.

Registry System

A system for recording and tracking legal rights and interests in property, usually maintained by a government or official body, to establish ownership and transactions.

Title Search

The process of examining public records to verify the legal ownership of property and to identify any liens, encumbrances, or claims against it.

Fee Simple

The most complete ownership of land possible, with unlimited duration and inheritable.