Business, 29.02.2020 03:17, Kklove8987
At the beginning of the trading day, a customer calls in and wishes to buy 1,000 shares of ABC Incorporated at a limit price of $40.00 per share. The customer wishes to leave the order outstanding through the close of trading on that day. The following purchases took place in the customer's account over the trading day: - Buy 275 shares at $39.75 - Buy 200 shares at $39.95 - Buy 300 shares at $39.90 At the close of the day, the remaining order for 225 shares has not been filled. Which of the following is TRUE of this scenario?[A]The customer's remaining order for 225 shares is cancelled at the close of trading and the customer must accept the 775 shares that were purchased over the trading day.[B]Due to the fact that there was partial execution of the order, the customer is permitted to demand completion of the order as long as the average price of all shares purchased is less than $40 per share.[C]Because the order was only partially executed, this customer reserves the right to refuse the partial fill and cancel the entire order.[D]Because the order was only partially executed, the broker/dealer firm is permitted to fill the remaining order for 225 shares when trading commences the following business day.
Answers: 2
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At the beginning of the trading day, a customer calls in and wishes to buy 1,000 shares of ABC Incor...
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