McDonald's Stock Is Now Selling for $92 Per Share

question 105

Multiple Choice

McDonald's stock is now selling for $92 per share.Kim wants to buy 100 shares but only if she can do so at $90 or less.She should place a(n)

• A)stop order.
• B)market order.
• C)limit order.
• D)odd-lot order.

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Definitions:

Lease Liability

A financial obligation representing the present value of all future lease payments a lessee is committed to make under lease agreements.

Invests

The act of allocating resources, usually money or capital, in something to earn financial returns or gain profitable outcomes.

Lump Sum

An amount of money paid in a single payment, rather than in installments.

11% Return

A specific rate of return on an investment, denoting a gain of eleven percent on the original amount invested.