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Question 8 (4 marks) You sold short a stock at $82.0 per share. The maximum amount of loss you are willing to bear is 20%.

Question 8 (4 marks)

You sold short a stock at $82.0 per share. The maximum amount of loss you are willing to bear is 20%.

Give an example of an order you may place to minimize or contain your loss.

(Give the type of order: market/limit/stop loss; buy/sell; and price)

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