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If you place a stop - loss order to sell at $ 5 1 . 0 0 on a stock currently selling for $ 5

If you place a stop-loss order to sell at $ 51.00 on a stock currently selling for $ 54.87 per share, what is likely to be the minimum loss you will experience on 100 shares if the stock price rapidly declines to $ 48.21 per share? What if you had placed a stop-limit order to sell at $ 51.00 and the stock price tumbled to $ 48.21?
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Part 1
If you place a stop-loss order to sell at $ 51.00 on a stock currently selling for $ 54.87 per share, the minimum loss you will experience on 100 shares if the stock price rapidly declines to $ 48.21 per share is $
enter your response here. (Round to the nearest cent.)

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