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Questions and Answers
1.ABC stock is currently trading at $63. Julia Miller would like to purchase ABC stock, but not at $63. If the price of ABC stock were to fall to $58 or less, then Miller wants to buy the stock. Which type of order should Miller place considering her objective?
- BigCo is currently quoted bid 32 ask 32.5 10 x 12. Your customer may be able to buy
- ABC stock is quoted at 25.20 bid-ask 25.22 5 x 12. The spread is
4 Bao Chiang executes a trade to purchase 100 shares of ABC Corporation common in her cash account on Thursday, June 30. Cash must be in her account sufficient to pay for the trade by the close of business on A. July 1 B. July 2 C. July 4 D. July 5
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5.The purchase of an equity option settles; the exercise of an equity option settles
A.T+1, T+2 В.T+2, T+1 C. same day, T+1 D. T+2, T+3
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