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John purchased BAC Stock at $40 per share. The stock is now trading at $50. He placed a trailing stop (sell) order with a trail
John purchased BAC Stock at $40 per share. The stock is now trading at $50. He placed a trailing stop (sell) order with a trail amount of 10%. If the stock moves up to $60 and then moves down to $52, how much will be his profit (ignoring commissions)?
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