Question 3 5 Marks Miro purchases 1000 shares in Pilbara Minerals Limited (PLS) listed on the Australian Securities Exchange (ASX) for $2.940, which has been dropping around - $0.141 (-4.546%) today. He places a stop order of $2.900. The stock drops over the coming weeks until it is below $2.940 to $2.900. Answer all three of the following parts to this question: (a) Explain how the stop-loss order is executed for Miro and his investment with specific reference to his PLS shares listed on the ASX and his estimated losses. (2 marks) (1 mark) (b) At what price will PLS be sold if its share price declines to $2.899. Stop-loss orders are not only used to sell shares. Explain. (c) (2 marks)