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

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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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