Question
Suppose you own 5,000 shares of Abbvie (Ticker: ABBV) in your portfolio and want to sell some shares. The current price for ABBV is $78
Suppose you own 5,000 shares of Abbvie (Ticker: ABBV) in your portfolio and want to sell some shares. The current price for ABBV is $78 per share. Your valuation model indicates that this share price is too low and you would like to sell the shares for at least $83 per share. You entered an order "Stop sell 1,000 shares at $83". What is the outcome of this trade? Did it achieve your objective?
Step by Step Solution
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Step: 1
In this scenario your stopsell order will not be executed immediately because the curren...
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
