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Ana is an experienced investor who enjoys researching and investing in individual stocks that appear promising. On August 12, 2011 she is reviewing the trading

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Ana is an experienced investor who enjoys researching and investing in individual stocks that appear promising. On August 12, 2011 she is reviewing the trading information for a new home electronics company TechUp, presented in the table below. Trade Time: Open: Day's Range: Stock Information for TechUp 1:02PM EDT Last Trade: 64.79 62.61 Prev Close: 61.00 60.28-68.10 Change: +3.79 (0.06) She is extremely confident in the future performance pf TechUp and wants to buy 100 shares of stock regardless of the price, therefore she places a order at 1:02PM EDT. She knows that the execution price for this type of order the last-trade price at the time she places the order. Her broker is able to execute the trade within minutes, obtaining her 100 shares at $65.03 each. Suppose the price of the stock rises for the rest of the day, eventually closing at a price of $72.59. In this case, the total value of the shares she purchased between the time of her purchase and the end of the day. If she had instead placed a order at 1:02PM to buy the same number of shares only if the price fell to $62, she would have by the end of the day instead

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