Chapter 1: Q-3-1CP (page 82)
Question: If you place a stop-loss order to sell 100 shares of stock at \(55 when the current price is \)62, how much will you receive for each share if the price drops to \(50?
a. \)50
b. \(55
c. \)54.87
d. Cannot tell from the information given
Answer
Answer: b
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