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Shares of stock owned by an individual but held in a brokerage firm's name for ease of trading are said to be held in street

Shares of stock owned by an individual but held in a brokerage firm's name for ease of trading are said to be held in street name.

True

False

You just placed a stop limit order to sell 100 shares at $21 stop, $18 limit. Which one of the following statements is correct concerning this order if the current market price is $16?

As soon as the price rises to $18, the stock will be sold.

The stock will sell for at least $18 but less than $21.

The stock will sell for $18 a share as soon as the price hits $21.

None of the above

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