The following appears on the consolidated tape: T SLD 45. What does the symbol SLD indicate?
A) This is the last transaction for American Telephone to be reported on this day.
B) Shares of American Telephone (T) traded cash settlement.
C) Shares of American Telephone (T) were sold previously but were not printed on the tape at the time of the trade and are now being printed out of sequence.
D) Shares of American Telephone (T) were sold short at $45.
Answer: C) Shares of American Telephone (T) were sold previously but were not printed on the tape at the time of the trade and are now being printed out of sequence.