A(n)________ Is a Stock Trade Request That Stays on the Books

question 47

Multiple Choice

A(n) ________ is a stock trade request that stays on the books until it is completely filled or cancelled or 60 calendar days have passed.

• A)bracket order
• B)extended-hours order
• C)good-til-cancelled order
• D)trailing-stop order

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Definitions:

Rights Offering

A provision allowing existing shareholders to purchase additional shares at a discount before the stock is offered to the public.

Subscription Price

The fixed price at which shares can be bought as part of a rights issue or initial offering, determined by the issuing company.

Rights Offering

A financial mechanism by which a company offers its existing shareholders the opportunity to purchase additional shares directly, often at a discount.