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Mike Jordan wants to buy. 10 shares in stock XYZ. He needs to execute his trade today and is not worried about the price he
Mike Jordan wants to buy. 10 shares in stock XYZ. He needs to execute his trade today and is not worried about the price he gets when he buys. The stock is currently quoted as: Bid $11.50, for 100 shares Ask $11.75, for 100 shares Given this information, which statement below is Correct. Mike should enter the buy as a Good- Till-Canceled Limit Order at 11.50, since that will get him the best price and there is no execution uncertainty. Mike should enter the buy as a Market Order since there will be no execution uncertainty. Mike should enter the buy as a stop-loss limit order at $11.50
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