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Basic Question 4 of 13
The market price of stock Y is now $30. An order specifies the stock must be sold once the price reaches $35 or above. This order is likely to be a ______.
B. limit order
C. stop order
A. market order
B. limit order
C. stop order
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare execution, validity, and clearing instructions
compare market orders with limit orders
CFA® 2025 Level I Curriculum, Volume 3, Module 1.