A client with no ABC shares in his account wants to place an order to sell long 200 shares of ABC stock. Which of the following must a representative determine before accepting the order?
A) The availability of ABC shares from a stock lending firm.
B) The client's willingness to deliver other securities from his account should he fail to deliver the stock.
C) Whether the client will pledge other securities as collateral to secure a stock loan and effect timely delivery.
D) Where the stock is currently held and whether it can be delivered in 3 business days.
Answer: D) Where the stock is currently held and whether it can be delivered in 3 business days.