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Instruction: - The solution to each question should include detailed calculation steps and (or) explain why you choose that answer. No any step means ZERO

Instruction: - The solution to each question should include detailed calculation steps and (or) explain why you choose that answer. No any step means ZERO point.

1. You have placed a stop-loss sell order on Kinross at $38, and the current bid and asked prices are$37.85 and $38.12, respectively. What does your order instruct your broker to do? Given market prices, will your order be executed?

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