Arianna just made a fantastic investment: She purchased 400 shares in Great Gains Corporation for $21.50 per

Question:

Arianna just made a fantastic investment: She purchased 400 shares in Great Gains for $21.50 per share. Yesterday the stock closed at $56.50 per share. In order to lock in her gains, she has decided to employ a stop-loss order. Assuming she sets the order at $56, what is likely to happen? Why might this not be a wise decision? At what price would you recommend setting the stop-loss order? Why?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...