C-39 ROOFING TRADE PRACTICE TEST 1 EXAM WITH CORRECT QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2025 ALREADY GRADED A+

C-39 ROOFING TRADE PRACTICE TEST 1 EXAM WITH CORRECT QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2025 ALREADY GRADED A+ this is a sell stop order. obloss orders (open buy limits and open sell stops) are placed below the current market. sell stop orders are elected when the market falls to the stop price or lower. once the order is elected, it becomes a market order which is filled at the next available price. the specific execution price is y stop orders can be used to: i protect a profit on short positions ii limit loss on short positions iii acquire stock if a resistance level is broken iv acquire stock if a support level is broken a. i and ii only b. iii and iv only c. i, ii, iii d. i, ii, iii, iv - the best answer is c. an order ticket to sell may be marked "long" in all of the following circumstances except the customer: a. is long a call on that stock that has been exercised b. is short a put on that stock that has been exercised c. holds fully-paid convertible preferred stock of that issuer and has given instructions to convert d. holds fully paid warrants to buy the underlying stock in custody of the broker-deale - the best answer is d. a customer is "long" if the customer owns an option, right or warrant on that stock and has exercised (so we know that the stock is actually coming in). similarly, if a customer is short a put and it has been exercised, we know that the customer will be receiving the stock - so the customer is "long." a customer is "long" if the customer owns a convertible security (into that stock) and has given irrevocable instructions to convert. if a customer simply owns a right, call, or warrant; is short a put; or owns a convertible; this is not considered to be "long" the underlying stock until the action is taken to turn that instrument into that ll stop orders: i are used to sell securities at prices that are lower than the current market ii are used to sell securities at prices that are higher than the current market iii guarantee a specific execution price or better iv do not guarantee a specific execution price or better a. i and iii b. i and iv c. ii and iii d. ii and iv - the best answer is b. sell stop orders are used to sell securities at prices that are lower than the current market - they are used to "stop" a loss on the position. if the market drops to the stop price, the order is "elected" and becomes a market order to sell. they sell order will be filled at the prevailing market price - so there is no guarantee of a specific execution price or customer wants to place an order to buy stock immediately. what order should be placed? a. market b. limit c. stop d. stop limit - the best answer is a. market orders are first in line to be filled at the current market e orders that are higher in price than the current market are: i open buy limits ii open buy stops iii open sell limits iv open sell stops a. i and iii b. i and iv c. ii and iii - the best answer is c.