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| A trader who owns shares of a stock currently trading at $100/share places a "GTC, stop 90, limit 85 sell" order (GTC = Good till cancelled). Assuming the specified stop condition is satisfied and the order becomes executed, which of the following statements is the most accurate? A:The trader faces a maximum loss of 15. B:The order will be executed at the exact price, either 90 or 85. C:The order becomes a market order when the price falls below 85 and remains valid for execution. |
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