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When the last sale price of MMA is $20, I enter a stop loss order to sell at $18 trailing by $2. In which of
When the last sale price of MMA is $20, I enter a stop loss order to sell at $18 trailing by $2. In which of the following situations does my order get triggered? State what the corresponding series of stop prices are and finally whether it is triggered or not and the triggered price. a. (3 marks) $20 is followed by trades at $19,$21 and $22. b. (3 marks) $20 is followed by trades at $21,$23 and $22. c. ( 3 marks) $20 is followed by trades at $22,$25,$24 and $23. d. (4 marks) $20 is followed by trades at $21,$23,$24,$23,$25 and $22. When the last sale price of MMA is $20, I enter a stop loss order to sell at $18 trailing by $2. In which of the following situations does my order get triggered? State what the corresponding series of stop prices are and finally whether it is triggered or not and the triggered price. a. (3 marks) $20 is followed by trades at $19,$21 and $22. b. (3 marks) $20 is followed by trades at $21,$23 and $22. c. ( 3 marks) $20 is followed by trades at $22,$25,$24 and $23. d. (4 marks) $20 is followed by trades at $21,$23,$24,$23,$25 and $22
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