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Suppose Jake is interested in investing some of his money in stocks and is looking at the following companies as potential investments: Archibald (ARCH), Akolytle
Suppose Jake is interested in investing some of his money in stocks and is looking at the following companies as potential investments: Archibald (ARCH), Akolytle (AKO), or Hyrius (HYRI). Suppose the three companies' shares are currently trading at the following (approximate) amounts: Archibald-\$1,490 per share, Akolytle- $145 per share, and Hyrius- $593 per share. If Jake decides he wants to invest all of his money in Archibald only if the price of the shares rises to $1,500 and has $21,000 to invest, fill in the details in the steps he should take to place the order. 1. Get in contact with his broker to let him know he wants to make a transaction. 2. Tell the broker he wants to purchase stock in Archibald. 3. Receive quote from the broker. 4. Tell the broker he wants to purchase shares. 5. Tell the broker he wants this to be a
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