Asked by Desiree LeBoeuf on Jun 15, 2024
Verified
Roxanne placed a limit order.This means she specified the price that she would pay for a stock.If the stock does not fall to that price,then the stocks are not purchased.
Limit Order
Instructions to the broker that name a specific price for a share of stock.
- Appraise stock market indicators including capital gains, dividends, and yield for making enlightened investment decisions.
Verified Answer
TY
Tyler YarbroJun 17, 2024
Final Answer :
True
Explanation :
In a limit order, the buyer specifies the maximum price they are willing to pay for a stock. If the stock does not fall to or below that price, then the order will not be executed. Therefore, the statement in the question is true.
Learning Objectives
- Appraise stock market indicators including capital gains, dividends, and yield for making enlightened investment decisions.