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Problem 3-05 You own 300 shares of Shamrock Enterprises that you bought at $23 a share. The stock is now selling for $44 a share.

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Problem 3-05 You own 300 shares of Shamrock Enterprises that you bought at $23 a share. The stock is now selling for $44 a share. You put in a stop loss order at $38. If the stock eventually declines in price to $27 a share, what would be your rate of return with and without the stop loss order? Round your answers to two decimal places. Rate of return with the stop loss: % Rate of return without the stop loss: 7 %

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