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The shares of the Westpac Banking Corp (WBC) are selling for $28 a share. You put in a limit buy order at $24 for one
The shares of the Westpac Banking Corp (WBC) are selling for $28 a share. You put in a limit buy order at $24 for one month. During the month the share price declines to $20, then jumps to $36. Ignoring commissions, what would have been your rate of return on this investment? What would be your rate of return if you had put in a market order? What if your limit order was at $18?
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