Series 7 - General Securities Representative Exam
Which order for ABC stock can be filled at $55.62?
A. The buy stop order will be filled at the next available price after it is activated with a trade at $55.20 or higher. Stop orders can be filled away from the stop price - depending on the next trade. B cannot be filled below $55.22, C is a buy stop limit order that cannot be filled above $54.98. D is a sell limit order with a minimum price of $55.64