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The stock of the Madison Travel Co. is selling for $31 a share. You put in a limit buy order at $25 for one month.
The stock of the Madison Travel Co. is selling for $31 a share. You put in a limit buy order at $25 for one month. During the month the stock price declines to $20, then jumps to $38. 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 -Select- to $17 the limit order -Select-
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