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You place a limit order to buy at $50.00. At what prices can this order execute?

  1. A. At $50.00 or lowerCorrect
  2. B. At any price within 5% of $50.00
  3. C. Only at exactly $50.00
  4. D. At $50.00 or higher

Takeaway. A limit price is a boundary in the direction that favors you: buy at the limit or lower, sell at the limit or higher, and never the other way round.

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