P3.6 Imagine that you have placed a limit order to buy 100 shares of Herr Mining Co. at a price of $68, although the stock is currently selling for $71. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $69 per share two months before cancellation of the limit order. b. The stock gradually drops to $65. c. The minimum stock price achieved before cancellation of the limit order was $68.50. When the limit order was canceled, the stock was selling for $77.50 per share. LG5 P3.7 If you place a stop-loss order to sell at $52 on a stock currently selling for $55.50 per share, what is likely to be the minimum loss you will experience on 100 shares if the stock price rapidly declines to $49.50 per share? Explain. What if you had placed a stop-limit order to sell at $52, and the stock price tumbled to $49.50