You Want to Purchase 100 Shares of CIB for a Maximum

question 9

Multiple Choice

You want to purchase 100 shares of CIB for a maximum price of $3000 and it is currently trading at $33.Which order should you place?

• A)A buy stop order to purchase 100 shares of CIB at $30 good until filled
• B)A limit order to buy 100 shares of CIB at $30 good until filled
• C)A market order to buy 100 shares of CIB at $30
• D)A market order to purchase 100 shares of CIB at $33

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