Which One of the Following Statements Regarding Orders Is False

Which one of the following statements regarding orders is false?

A) A market order is simply an order to buy or sell a stock immediately at the prevailing market price.
B) A limit sell order is where investors specify prices at which they are willing to sell a security.
C) If stock ABC is selling at $50,a limit-buy order may instruct the broker to buy the stock if and when the share price falls below $45.
D) A day order expires at the close of the trading day.
E) None of these.

Correct Answer:

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