On October 12, Kevin Placed a Day Order to Purchase

question 63

Multiple Choice

On October 12, Kevin placed a day order to purchase 100 shares of ABC stock at $21 a share.During the day, the stock sold at prices ranging from $21.01 to $22.49.Over the following month the stock sold in a range of $21.60 to $23.05.On December 2, the market declined radically and the price of ABC stock dropped to $19.94.Which one of the following statements is correct concerning Allen's order?

• A)The order was never executed.
• B)The order was executed at $21.01 per share.
• C)The order was executed at $22.49.
• D)The order was executed at $19.94.

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Definitions:

Continuous Uniform Probability Distribution

A type of probability distribution where all outcomes in a continuous range are equally likely.

Rectangular

Pertaining to a shape or object whose surface has four right angles and the opposite sides are parallel and equal in length.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; quantifies the degree to which values differ from the average value.

Normal Distribution

A bell-shaped curve that represents the distribution of data around a mean, showing that data near the mean are more frequent in occurrence.