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Imagine that you have placed a limit order to buy 1 0 0 shares of Sallisaw Tool at a price of $ 6 8 .

Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $68.00, although the stock is currently selling for $70.08. Discuss the consequences, if any, of each of the following situations.a. The stock price drops to $69.08 per share two months before cancellation of the limit order.b. The stock gradually drops to $64.71 per share.c. The minimum stock price achieved before cancellation of the limit order was $68.66. When the limit order was canceled, the stock was selling for $77.46 per share.n 2a. If the stock price drops to $69.08 per share two months before cancellation of the limit order, the order be executed. (Select from the drop-down menu.)

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