Series 7 - General Securities Representative Exam
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ABC corporation declared a $1.05 per share dividend. On the ex-dividend date, which type of order will a floor specialist lower the price of by $1.05?
MOC Orders
A
Sell Limit Orders
B
Buy Stop Orders
C
Buy Limit Orders
D
Explanations
On ex dividend dates, working buy limit and sell stop orders are adjusted downward by the amount of the dividend