05-15-2010, 07:33 AM
[COLOR="red"]Question
A portfolio manager wishes to purchase 100 sahres of proctor and Gamble if the stock trades at or below Rs. 60 per share in the next two weeks. The current price is Rs.64 per share. The manager will place which type of order and why?
A. Short sale
B. Limit order
C. Market order[/COLOR]
Answer
Protfolio manager will place a Limit order as he specified a proce of Rs.60 and time limit of two weeks
A portfolio manager wishes to purchase 100 sahres of proctor and Gamble if the stock trades at or below Rs. 60 per share in the next two weeks. The current price is Rs.64 per share. The manager will place which type of order and why?
A. Short sale
B. Limit order
C. Market order[/COLOR]
Answer
Protfolio manager will place a Limit order as he specified a proce of Rs.60 and time limit of two weeks