Question

The current stock price of GM is $35.51. If you want to buy 1,000 shares of...

  1. The current stock price of GM is $35.51. If you want to buy 1,000 shares of GM at the $32, you would most likely place a

    A.

    stop-loss order

    B.

    stop-buy order

    C.

    market order

    D.

    limit order

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Answer #1

A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, thus the answer is:-

D. limit order

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