1. Rashed bought a stock three years ago for $7 a share. Today, June 12, the stock is selling for $82 a share. Rashed is afraid that the price will fall and does not want to lose his profits so he places a stop-loss order to sell at $80. The stock sells between $81 and $85 throughout the remainder of the day on June 12. On the morning of June 13, the stock opens at $10 a share based on rumors of a possible bankruptcy due to inappropriate accounting procedures. Which one of the following statements is true concerning this situation? 2. On May 15, Maruf placed a good-'til-canceled order to buy 200 shares of ABC at $10 a share. ABC sold between $10.50 and $11.00 on that day. Over the following two months the stock price continued to rise and Maruf forgot about the order. After the markets closed on August 6, some bad news concerning ABC was released. The stock opened on August 7 at a price of $8.00 a share. Which one of the following statements is correct concerning Marufs' order?