QUESTION 2 At 10:45 a.m., you placed a stop-loss order to sell 200 shares of Alp
ID: 2655845 • Letter: Q
Question
QUESTION 2 At 10:45 a.m., you 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. Your order was executed that day. You would have received a price: None of the answers is correct. of $43.40 a share for her stock since that was the closing price on the day of execution. between $42.90 and $43.40 a share depending upon when her trade executed. of $42.90 a share for her stock since her order was already recorded in the specialist's book. equal to the average prices paid by the specialist during that trading day.Explanation / Answer
The term stop loss at 43 means that, any loss below 43 is not going to be borne by the executor of the order. As such, When price reached .......... 42.90 by 2..15 PM, the executor of the order ( or) holder of the hare should be compensated with 43 per share.
None of the answers is correct