A broker gets a phone call from a client to sell 5,000 shares of ABC, $55 Limit, DAY. Which of the following is a possible outcome of the order?

Explanations

First, this is a sell limit order. It cannot be executed for less than $55.00. ( A ) and ( B ) are out. It is also a day order, so it expires at the close. ( C ) is out. Correct answer is ( D )