You have placed a buy market-on-open order - a market order that would automatically be submitted at the market's open tomorrow and would fill at the market price. Your instruction, to buy the shares at the market open, is a(n): O A. Clearing Instruction O B. Validity Instruction OC. Execution Instruction

You have placed a buy market-on-open order - a market order that would automatically be submitted at the market's open tomorrow and would fill at the market price. Your instruction, to buy the shares at the market open, is a(n): O A. Clearing Instruction O B. Validity Instruction OC. Execution Instruction

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 4FPE

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If an investor places a _________ order, the stock will be sold if its price falls to the stipulated level. If an investor places a __________ order, the stock will be bought if its price rises above the stipulated level. Group of answer choices stop-loss; stop-buy market; limit stop-buy; stop-loss limit; market
Which of the following is a reason why an investor would place a stop buy order on a stock? To ensure a short position is closed out for profit To ensure that the broker executes immediately at the current market price To ensure the stock is sold before its price falls to a specified level To ensure the stock is purchased when its price is rising
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 36.33 36.68 Required: Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? Suppose you have submitted an order to sell at market. At what price will your trade be executed? Suppose you have submitted a limit order to sell at $36.76.What will happen? Suppose you have submitted a limit order to buy at $36.61. What will happen?
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