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Exam Code: LPQ-205

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NEW QUESTION: 1
Bubba wants to buy 500 shares of an NYSE listed stock at 38.87 but he wants to buy at one time, right away, or else forget it.
What kind of order should the registered representative enter?
A. all or none
B. now or never
C. fill or kill
D. immediate or cancel
Answer: C
Explanation:
Explanation/Reference:
Explanation: fill or kill. This type of order is cancelled if the entire amount cannot be executed.


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