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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

13. Amal places a good-til-canceled limit order to sell 300 shares of KM at $18 a share. When his order reaches the trading floor, KM is trading at $I8.20. 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 $18.00.* The brokerage firm will sell the 300 shares at $18.20 and keep the additional $0.20 as a commission.* The order will be executed at SI8.20 with the proceeds credited to Amal's account.

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