Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose you purchased XYZ stock at $50 per share. The stock is currently selling at $65. Under normal circumstances, your gains could be protected by
Suppose you purchased XYZ stock at $50 per share. The stock is currently selling at $65. Under normal circumstances, your gains could be protected by placing a _________________ , which also allows you the possibility of participating in gains if the stock price continues to increase.
a. limit-buy order
b. limit-sell order
c. stop-loss order
d. stop-buy order
e. market order
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started