PART SIX · In most lines of the following text, there
is one unnecessary word. It is either grammatically incorrect or does not fit in
with the sense of the text. · For each numbered line 41--52, find the
unnecessary word. Some lines are correct. If a line is correct, write
CORRECT.
To avoid buying or selling a stock at a price higher or lower than what
you wanted, you need to place a limit order rather than a
(41) ______ market order. A
limit order is an order if to buy or sell a security at
(42) ______ a specific price. A buy limit order can only be
executed at the limit price or lower, and a sell limit order that can only be
executed at (43) ______ the
limit price or higher. When you place a market order, you can’t control the
price at which your order will be filled with.
(44) ______ For
example, if you want to buy the stock of a "hot" IPO that was initially
offered at $ 9, but don’t want to end up paying more than
(45) ______ $ 20 for the stock, you can place a
limit order to buy the stock at any price up to $ 20. By entering with a
limit order rather than a
(46) ______ market order, you will not be caught in buying the stock at
$ 90 (47)
______ and then for suffering immediate losses as the stock drops later in
(48) ______ the day or the
weeks ahead. Remember so that your limit order may never be executed because
(49)
______ that the market price may quickly surpass your limit before your
(50)
______ order which can be filled. But by using a limit order you also protect
(51) ______ yourself from buying the
stock at too high a price.
(52) ______