(Appendix - Ch 4-A) Assume you want to buy 1,000 shares of Verizon at $32 and it's currently trading
at $32.50. You place a BUY LIMIT ORDER, ALL OR NONE, DAY ORDER. You are at the front of the
Order Book, and 200 shares of Verizon become available at your $32 price. Based on these terms,
what will happen with your order?
Your broker will buy the 200 shares at $32, and cancel the balance of the order
Your broker will not buy them now, and will wait until all 1,000 shares become available at $32, but only until the
end of today's trading at which point she'll cancel the order
Your broker will not buy them now, and will wait until all 1,000 shares become available at $32; if this does not
happen by the end of today, she will try again on the next day of trading
Your broker will buy the 200 shares at $32 now, and wait until the end of the day's trading to see if more shares
become available at your price
