Question
The current price of HAR stock is $75. Jason places a limit order for 100 shares at $65, GTC. The price falls to $65.10 and
The current price of HAR stock is $75. Jason places a limit order for 100 shares at $65, GTC. The price falls to $65.10 and then rises over the course of a month to $84.
A.
Jason has a loss of $900.
B.
Jason has a gain of $1,900.
C.
Jason does not own the stock, but will if his trade can ever be executed at $65.00 or less.
D.
Jason has a gain of $1,890.
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Public Finance
Authors: Harvey S Rosen, Ted Gayer
9th International Edition
0071267883, 9780071267885
