Question
A customer places an order to buy bonds. The order reads Buy 5M ABC 9s M '45 @ 90 Stop GTC. After the order is
A customer places an order to buy bonds. The order reads "Buy 5M ABC 9s M '45 @ 90 Stop GTC." After the order is elected, at which of the following prices may the order be executed?
A. at 90 only
B. only at 90 or below
C. only at 90 or above
D. at market
*Please provide the answer with an explanation.
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
