Question
The stock of the Madison Travel Co. is selling for $29 a share. You put in a limit buy order at $26 for one month.
The stock of the Madison Travel Co. is selling for $29 a share. You put in a limit buy order at $26 for one month. During the month the stock price declines to $20, then jumps to $37. Ignoring commissions, what would have been your rate of return on this investment? Round your answer to two decimal places.
______%
What would be your rate of return if you had put in a market order? Round your answer to two decimal places. ______%
What if your limit order was at $17?
Since the market (Declined / did not decline) to $17 the limit order (Has been executed / has never been executed)
*Choose one of the two italicized answers above
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