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Gagnon is considering purchasing 100 shares of common stock which are currently selling at $43. She feels the stock price will go up, but also
Gagnon is considering purchasing 100 shares of common stock which are currently selling at $43. She feels the stock price will go up, but also knows that the price has fluctuated between $35 and $50 recently. She is considering a limit order to buy at $39 or a market order to buy.
i) If the price goes to $39, then to $55, how much capital gain will she make with each type of order?
ii) If the price goes up to $55, how much capital gain will she make with each type of order?
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