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Please guide me through this. You own 500 shares of Ups & Downs, Inc. stock. It is currently priced at $59. You are going on
Please guide me through this.
You own 500 shares of Ups & Downs, Inc. stock. It is currently priced at $59. You are going on vacation, and you realize that the company will be reporting earnings while you are away. To protect yourself against a rapid drop in the price, you place a stop-limit order to sell 500 shares at $49. It turns out the earnings report was not so good, and the stock price fell to $39 right after the announcement. It did, however, bounce back, and by the end of the day it was back to $51. What happened in your account? What happened in your account? A. It is likely you sold 500 shares at $49 or less per share. B. It is likely you sold 500 shares between $49 and $51 per share. C. It is likely you sold 500 shares at $39 or more per share. D. It is likely you did not sell the 500 sharesStep by Step Solution
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