Ch 11: Assignment - Investment Planning Recognizing Different Types of Orders As an investor, based on your goals and investment objectives you create an investment plan. You choose your stockbraker that suits your needs. But when it is time to actually buy or sell securities in the securities market, it is important to understand how your transactions will be executed. Based on your expectations regarding a spedific transaction you have the option to select from three different order types: market order, limit order and a stop-loss order Caroline 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 fora new home security system company SecureYou, presented in the table below. Stock Information for SecureYou Trade Time: 1:45PM EDT Open: Day's Range: 211.75-223.49 Change: +7.08 (0.03) Last Trade: 220.08 Prev Close: 213.00 214.77 She is extremely confident in the future of the price, therefore she places ia type of order able to execute the trade within minutes, obtaining her 100 shares at $220.24 each performance pf SecureYou and wants to buy 100 shares of stock regardless order at 1:45PM EDT. She knows that the execution price for this the last-trade price at the time she places the order. Her broker is stock rises for the rest of the day, eventually closing at a price of $223.58. In this case, the total value of the shares she purchased If she had instead placeda 5217, she would have between the time of her purchase and the end of the day order at 1:45PM to buy the same number of shares only if the price fell to by the end of the day instead Jeff is another investor who currenty owns shares of Secureou stock. He would like to place a particular kind of limit order, in which the order is canceled if it cannot be executed immediately at the specified order is known as