Problem 3-07

The stock of the Madison Travel Co. is selling for $31 a share. You put in a limit buy order at $25 for one month. During the month the stock price declines to $19, then jumps to $38. Ignoring commissions, what would have been your rate of return on this investment? Round your answer to two decimal places.

%

What would be your rate of return if you had put in a market order? Round your answer to two decimal places.

%

What if your limit order was at $17?

Since the market -Select-declined not decline 3 to $17 the limit order -Select-has been executed.has never been executed