Question list On February 6,2018 , shares of the photo-app company Snap closed at $14.24. That night the company announced better-than-expected earnings results, and the next morning trading in the stock opened at $17.12 and then quickly rose to $21.29 before ending the day at $20.82. a. Suppose that near the end of the day on February 6 an investor placed a limit order to buy 50 shares of Snap for $14.00. What happened in the investor's account the next day? b. Suppose an investor heard about Snap's good earnings on an evening financial news program on February 6 . Thinking that Snap was a good buy at that day's $14.24 closing price, the investor submitted a market order to buy 50 shares of Snap. What was the result? c. Another investor who already owned 200 shares of Snap also heard the good earnings news on the evening of February 6 . The investor expected the news to lift Snap's price the next day, so he submitted a limit order to sell 200 shares at $20.00. What was the result? d. A day trader following Snap placed a market order to buy 1,000 shares at 10 a.m. on February 7 , at which time Snap was trading for $19.25. The trader watched the price rise to $21.29 and then, to protect the morning's gains, submitted a stop-limit order to sell at $21.00. What happened? Question 2 Question 3 a. What happened in the investor's account the next day? (Select the best answer below.) A. The limit order to buy would be executed at $14.24 or lower, since the price jumped the next day and stayed above $14.00, the order would be executed. Question 4 B. The limit order to buy would be executed at $17.12 or lower, but since the price jumped the next day and stayed above $14.00, the order would not be executed. C. The limit order to buy would be executed at $14.00 or higher, and since the price jumped the next day and stayed above $14.00, the order would be executed. Question 5 D. The limit order to buy would be executed at $14.00 or lower, but since the price jumped the next day and stayed above $14.00, the order would not be executed. b. What was the result in the scenario? (Select the best answer below.) d. What happened in the case of the day trader? (Select the best answer below.) executed the price might have fallen below $21.00, leaving the trade unfulfilled. executed the price might have fallen below $21.00, leaving the trade unfulfilled. executed the price might have fallen below $21.00, leaving the trade fulfilled at a lower price than the day trader desired. executed the price might have fallen below $21.00, leaving the trade fulfilled at the lower price of $19.25. c. What was the result in the scenario? (Select the best answer below.) more if the sell order executed above $20.00 per share). $4,164 (or more if the sell order executed above $20.82 per share). the sell order executed below the price of $21.29 per share)