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Investments Chp 3

Investment info and securities transactions

QuestionAnswer
Consists of fewer than 100 shares of a stock Odd lot
A 100-shares unit Round lot
An order to buy or sell stock at the best price available at the time the investor places the order. Market order
An order to buy at or below a specified price (a limit buy order) or to sell at or above a specified price (a limit sell order). Limit order
Types of limit orders placed by investors 1. A fill or kill order which is canceled if not immediately executed. 2.A day order which if not executed is automatically canceled at the end of the day. 3.GTC (good til canceled) which generally remains in effect for 6 months.
Created by: 100000650947561