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1 3 . Amal places a good - til - canceled limit order to sell 3 0 0 shares of KM at $ 1 8
Amal places a goodtilcanceled limit order to sell shares of KM at $ a share. When his order reaches the trading floor, KM is trading at $I Which of the following statements is true concerning Amal's order? The trade will not be executed and will be immediately cancelled. The specialist will record the order in the order book and execute the trade as soon as the price hits $ The brokerage firm will sell the shares at $ and keep the additional $ as a commission. The order will be executed at SI with the proceeds credited to Amal's account.
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