she would like to buy 100 shares of stock at some point during the day if the price falls to $146.35, therefore she places a order at 1:02 pm edt. when she places a day order, if the price does not reach $146.35 by the end of the day, her order will be . her broker is able to execute the trade two hours later, obtaining her 100 shares at $146.35 each. suppose the price of the stock falls for the rest of the day, eventually closing at a price of $145.23. in this case, the total value of the shares she purchased between the time of her purchase and the end of the day. if she had instead placed a order at 1:02 pm and obtained the same number of shares at $149.88 per share, she would have by the end of the day instead. clancy is another investor who currently owns shares of esolver stock. he would like to place a particular kind of limit order, in which the order remains in effect indefinitely, unless it is filled or canceled. this type of order is known as .
