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Q6 Single choice

A registered representative (RR) receives a mutual fund order from a customer at 4:10 p.m. ET.

Which of the following statements is true regarding this order?

A
It must be executed at the next closing price.
B
It must be executed at the next day's opening price.
C
It must be accepted as an "as/of" trade for today's price.
D
It is not permitted to be accepted as it was received after the market close.

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