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17 December, 16:58

Kate calls her broker to purchase 200 shares of IBM. The broker tells her that the price of a share is currently $90. Kate decides that she isn't willing to pay more than $88. What type of order will she put in?

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  1. 17 December, 20:16
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    This type of order is called limit order. Kate wants to purchase an IBM share at a specific price. Limit order does not necessarily mean that it is a market order since order may not push through.
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