Order ticket is marked as follows: Buy 20M GGZ 9% Debentures at 95 AON GTC. All of the following statements regarding this order are true EXCEPT:

Order ticket is marked as follows: Buy 20M GGZ 9% Debentures at 95 AON GTC. All of the following statements regarding this order are true EXCEPT:



A) the order will expire at the end of the day.

B) this is a buy limit order.

C) if executed, the customer will pay $19,000 or less for the bonds.

D) the trade will be filled in its entirety or not at all.



Answer: A) the order will expire at the end of the day.


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