Series 7 - General Securities Representative Exam
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An order was placed to buy 100 shares ABC stop $75.01, limit $75.15 when the stock was trading at $74.94, The next 5 trades were 100@ $74.98 / 100 @ $75.00 / 100 @ $75.02 / 100 @ $75.08 / 100@ $75.27. What is the most likely fill price of the buy order?
$75.00
A
$75.08
B
$75.02
C
$75.27
D
Explanations
The stop level of $75.01 was triggered when a trade was executed at $75.02. The order then becomes a buy limit order price @ $75.15. The next trade after 100@$75.02 was 100@ $75.08. This is the most likely fill price of the buy order in this scenario