Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

Mikebought 200sharesof EGstocktwo yearsagoat $16pershare.Theshareshavetraded ina 32) rangeof$21 to$44 ashareoverthepastyear.EG isnowselling for$43.60 ashare.EGannouncesitsearningstodayand Mikefeelsthesharescould goto$60on good newsor fallto$30on bad.To protecthisprofits, themost appropriateorder for himto placeis

Mikebought 200sharesof EGstocktwo yearsagoat $16pershare.Theshareshavetraded ina 32) rangeof$21 to$44 ashareoverthepastyear.EG isnowselling for$43.60 ashare.EGannouncesitsearningstodayand Mikefeelsthesharescould goto$60on good newsor fallto$30on bad.To

protecthisprofits, themost appropriateorder for himto placeis

A)astop-lossorderat $42.

C)astop-limitordertosellat $45.

B) marketordertosell immediately.

D)alimitsell orderat $60.00.

Answer:

why the answer is A?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

11th edition

134141083, 978-0134141084

More Books

Students also viewed these Finance questions

Question

★★★★★

The Identity Theft Resource Center is a nonprofit organization dedicated to helping users understand and prevent identity theft. Visit Google.com and search for ITRC Fact Sheet 101 or visit...

Answered: 1 week ago

Question

★★★★★

Explain the reasons why potential acquirers are willing to pay significant valuation premiums to acquire intellectual property.

Answered: 1 week ago

Question

★★★★★

2.7 Birth Order and Personality Does birth order have any effect on a person's personality? A report on a study by an MIT researcher indicates that later-born children are more likely to challenge...

Answered: 1 week ago

Question

★★★★★

Leslie Baker, an attorney, had the following transactions (among others) during 20X0, her initial year in law practice: a. On July 1, Baker leased office space for 1 year. The landlord (lessor)...

Answered: 1 week ago

Question

★★★★★

The comparative balance sheets of Marin Inc. at the beginning and the end of the year 2017 are as follows. MARIN INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts...

Answered: 1 week ago

Question

★★★★★

Based on your experiences with projects and teamwork and after your reading, consider potential conflicts that might arise during a project. Pick one that concerns you moving forward. Describe that...

Answered: 1 week ago

Question

★★★★★

On January 1, 2019, Ridge Company issued $10,000,000 face value bonds for 10 years at 12%. The bonds are issued at 96, and dated January 1. Interest is paid annually on January 1. The end of Ridges...

Answered: 1 week ago

Question

★★★★★

3-3 Estimate the average and maximum flowrates from a recreational area (to be selected by instructor) with the following facilities. State all of your assumptions clearly. Recreational area Type of...

Answered: 1 week ago

Question

★★★★★

For provincials, the primary means of integration into the Empire lay in grants of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ , which had been virtually impossible to receive during the...

Answered: 1 week ago

Question

★★★★★

Unit 2 DB: Business Writing Describe at least two ways in which you can improve your communication skills through email, presentation, and report writing. Which of these communication methods do you...

Answered: 1 week ago

Question

★★★★★

After discussions with a sales representative, Shu purchases a new iPhone from the Apple store. During their conversation, they do not discuss phone insurance. Five minutes after Shu pays for the...

Answered: 1 week ago

Question

★★★★★

4. Assuming ABC allocated overhead more accurately, which products were incorrectly priced using the traditional costing method? What difficulties might result from incorrectly budgeted products?...

Answered: 1 week ago

Question

★★★★★

Refer to the financial statement (Form 10-K) for Apple dated 9/29/2018 and the financial statement (Form 10-K) for Google (Alphabet) dated 12/31/2018 to answer these questions. A. Refer to BTN 4-2...

Answered: 1 week ago

Question

★★★★★

can there Ile a nondiscriminatory fetal protection policy? Is Justice White correct in arguing that companies have an obligation to avoid causing injury to fetuses just as they do to other third...

Answered: 1 week ago

Question

★★★★★

Suppose exposure to lead did not affect sperm or the male reprOductive system. Would Johnson's policy still have been discriminatory? Would It hamper women's efforts to win equality in the workplace?

Answered: 1 week ago

Question

★★★★★

Suppcse a company forbids any employee capable of reproducing from working with lead. Would such a policy wrongly interfere with employees' freedom of choice? Would it be an invasion of their...

Answered: 1 week ago

Previous Question Next Question