Question
At 11am, Anna placed a stop-loss order to sell 100 shares of Pinks stock at $73 a share. At 1pm, the price of Pinks stock
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At 11am, Anna placed a stop-loss order to sell 100 shares of Pinks stock at $73 a share. At 1pm, the price of Pinks stock fell to $72.50 and then rose to $73.50 a share by the end of the trading day. Annas order was executed that day. She would have received a price
A of $72.50 a share for her stock since her order was already recorded in the specialist's book.
B between $72.50 and $73.50 a share depending upon when her trade executed.
C equal to the average prices paid by the specialist during that trading day.
D of $73.50 a share for her stock since that was the closing price on the day of execution.
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