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Problem 3-07 The stock of the Madison Travel Co. is selling for $33 a share. You put in a limit buy order at $28 for
Problem 3-07 The stock of the Madison Travel Co. is selling for $33 a share. You put in a limit buy order at $28 for one month. During the month the stock price declines to $24, then jumps to $41. 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 $20? Since the market -Select- to $20 the limit order -Select
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