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On Day 0 you bought ABC Stock at $35 and immediately placed a trailing-stop (loss) order with trailing amount at $3. On Day 1 the
On Day 0 you bought ABC Stock at $35 and immediately placed a trailing-stop (loss) order with trailing amount at $3. On Day 1 the stock moved as high as $42. On Day 2 it moved lower to $40. On Day 3 it moved back up to $41. On Day 4 it moved as low as $38 but ended the day at $40. What happened to your position?
a) the stock was solf and you made $4 per share
b) The stock was sold and you made $3 per share
c) The stock was sold and you made $2 per share
d) You still owned the stock
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