Your client feels that GGZ, currently trading around 39, would be a good buy at 38. Therefore, he places an order to buy 200 GGZ at 38 GTC. On the ex-date, when the stock splits 2-for-1, the order is still on the order book. How is the order adjusted on the ex-date?

Your client feels that GGZ, currently trading around 39, would be a good buy at 38. Therefore, he places an order to buy 200 GGZ at 38 GTC. On the ex-date, when the stock splits 2-for-1, the order is still on the order book. How is the order adjusted on the ex-date?

Your client feels that GGZ, currently trading around 39, would be a good buy at 38. Therefore, he places an order to buy 200 GGZ at 38 GTC. On the ex-date, when the stock splits 2-for-1, the order is still on the order book. How is the order adjusted on the ex-date?



A) Buy 400 GGZ at 19 GTC.

B) Buy 100 GGZ at 76 GTC.

C) Buy 200 GGZ at 19 GTC.

D) Buy 400 GGZ at 38 GTC.



Answer: A) Buy 400 GGZ at 19 GTC.


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