At 2PM ET a customer enters an order to buy GGZ at the close on the NYSE. GGZ traded between 70 and 71 all day. Then, after a last-minute rally, it closed up 4 points at 74. The customer should expect to pay the:

At 2PM ET a customer enters an order to buy GGZ at the close on the NYSE. GGZ traded between 70 and 71 all day. Then, after a last-minute rally, it closed up 4 points at 74. The customer should expect to pay the:



A) closing price.

B) opening price the next morning.

C) average price calculated for the entire day.

D) price as near to the close as possible, at the floor broker's discretion.



Answer: A) closing price.


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