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Which of the following statements is NOT true about a stop-loss order? A. It is a type of limit order. B. The investor specifies a

Which of the following statements is NOT true about a stop-loss order?

A. It is a type of limit order.

B. The investor specifies a price above the current market price of the stock.

C. If the stock price reaches the specified price, the trade becomes a market order.

D. It is generally used by investors to either protect investment gains or limit losses.

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