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1 INCORRECT Which one of the following statements regarding orders is  false ? A) A market order is simply an order to buy or sell  a stock immediately at the prevailing market  price. B) A limit sell order is where investors specify  prices at which they are willing to sell a  security. C) If stock ABC is selling at $50, a limit-buy order  may instruct the broker to buy the stock if and  when the share price falls below $45. D) A day order expires at the close of the trading  day. E) None of the above. Feedback: All of the order descriptions above are correct. 2 INCORRECT The use of the Internet to trade and underwrite securities A) is illegal under SEC regulations. B) is regulated by the New York Stock Exchange. C) decreases underwriting costs for a new  security issue. D) increases underwriting costs for a new security  issue. E) is regulated by the National Association of  Securities Dealers. Feedback: The SEC permits trading and underwriting of securities over the Internet, but has required firms 
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This note was uploaded on 03/06/2012 for the course FINANCE 5700 taught by Professor Bob during the Spring '12 term at websteruniv.edu.

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