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On February 6, 2018, shares of the photo-app company Snap closed at $14.14. That night the company announced better-than-expected earnings rosults, and the next moring

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On February 6, 2018, shares of the photo-app company Snap closed at \$14.14. That night the company announced better-than-expected earnings rosults, and the next moring trading in the slock opened at $17.09 and then quickly rose to $21.36 before ending the day at $20.66. a. Suppose that near the end of the day on February 6 an investor placed a limit order to buy 50 shares of Snap for $14.00. What happened in the investor's account the noxt day? b. Suppose an investor heard about Snap's good earnings on an evening financial news program on February 6 . Thinking that Snap was a good buy at that day's $14.14 closing price; the investor submitted a makket order to buy 50 shares of Snap. What was the resul? c. Another inwestor who aiready owned 200 shares of Snap also heard the good eamings news on the evening of February 6. The investor expected the news to lit Snap's price the next day, so he submitted a limit order to sell 200 shares at $20.00. What was the resuth d. A day trader following Snap placed a maket oeder to buy 1,000 shares at 10am, on February 7 , at which time Snap was trading for $19.25. The trader watched the price rise to $21.36 and then, to protect the morning's gains, submittod a stop-limint order to sell at $21.00. What happened? a. What happened in the irvestor's account the next day? (Seloct the best answor below) A. The limit order to buy would be execuled at $14,00 or lower, but since the price jumped the next doy and stayod above $14.00, the order wouef not. be execulod B. The lirit order to buy would bo exxecuted at $14.00 or higher, and since the price jumped the noxt day and stayed above $14.00, the order would be execulod. C. The limit order to buy would bo execuled at 517,09 or lower, but since the price jumped the noxt day and stayed above $14,00, the arifer wovid hot: be exicutod D. The linit order to buv would be exeouted at 514.14 or bwer, bince the brice iunoed the ned dwy and staved abowe $1400. the order would bo

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