infinitybenzo

Reading 47 is all about corporate finance, yo? Did you mean Reading 55 (Dec 2011)?

Assuming this question relates to Reading 55, "B" is correct as given. A stop limit order must satisfy *both* the conditions to be true. If you think logically, the brokerage will check something along the lines -- "if the stop price is breached AND the limit price is NOT breached," go ahead and execute the order. The order gets executed at a point in time, so once the price is set, it can't change. Again, BOTH conditions are checked at the point in time when the order is filled.



Edited 1 time(s). Last edit at Friday, September 9, 2011 at 09:30AM by Oyster.