Imagine that you have placed a limit order to buy 100 shares of Toronto-Dominion Bank at a price of$69.00,although the stock is currently selling for$71.95.Discuss the consequences, if any, of each of the following situations.

a. The stock price drops to$70.23per share two months before cancellation of the limit order.

b. The stock gradually drops to$64.41per share.

c. The minimum stock price achieved before cancellation of the limit order was$69.51.When the limit order was cancelled, the stock was selling for$77.67per share.

a. If the stock price drops to$70.23 per share two months before cancellation of the limit order, the order

(will will not ) be executed. (Select from the drop-down menu.)

b. If the stock gradually drops to$64.41 per share, the order (will will not )be executed. (Select from the drop-down menu.)

c. The minimum stock price achieved before cancellation of the limit order was$69.51.When the limit order was cancelled, the stock was selling for $77.67per share. The order(will will not ) be executed. (Select from the drop-down menu.)