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Question 10

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Essentials Of Investments
Found in: Page 80
Essentials Of Investments

Essentials Of Investments

Book edition 9th
Author(s) Zvi Bodie, Alex Kane, Alan Marcus, Alan J. Marcus
Pages 748 pages
ISBN 9780078034695

Short Answer

A market order has:

a. Price uncertainty but not execution uncertainty.

b. Both price uncertainty and execution uncertainty.

c. Execution uncertainty but not price uncertainty.

The correct answer is option ‘a’

See the step by step solution

Step by Step Solution

Definition

The buy or sell orders which are immediately executed at the current market rates are called Market orders.

Explanation

The market orders get executed at the best available prices however the price at which this will be executed is not guaranteed. Hence the correct answer is option ‘a’.

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