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3. Suppose I have a long 500-share position in AMZN that I established on 7/23 by buying at $203/share. The current price of AMZN is

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3. Suppose I have a long 500-share position in AMZN that I established on 7/23 by buying at $203/share. The current price of AMZN is $223. I want to make sure that my profit per share does not shrink below $15, but I also want to leave my position open to benefit if the price of AMZN continues to rise. What type of orders (market, limit, or stop) should I use to accomplish my objective? Be sure to discuss the costs and risks associated with your strategy. You can only trade in AMZN stock, NOT in any derivatives. Please describe your strategy carefully. (12 points) Order Type: Costs: Risks

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