At 10:45 A

question 67

Multiple Choice

At 10:45 a.m., Ashley placed a stop-loss order to sell 200 shares of Alpha stock at $43 a share.At 2:15 p.m., the price of Alpha fell to $42.90 and then rose to $43.40 a share by the end of the trading day.Ashley order was executed that day.Ashley would have received a price

• A)of $42.90 a share for her stock since her order was already recorded in the specialist's book.
• B)of $43.40 a share for her stock since that was the closing price on the day of execution.
• C)between $42.90 and $43.40 a share depending upon when her trade executed.
• D)equal to the average prices paid by the specialist during that trading day.

Understand the implications of incorrect or incomplete filing procedures for business entities.

Describe the rights and duties of LLC members.

Distinguish between various types of business organizations in terms of structure and liability.

Understand the dissolution process of a limited partnership and the distribution of assets.

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