Which of the following is a feature of a stop-loss order to sell a stock?

• A stop-loss order does not require an investor to pay a commission on the sale of stock.
• A stop-loss order specifies to sell the stock when its market value reaches a preset price.
• A stop-loss order assures a minimum profit on the sale of the stock.
• A stop-loss order automatically sells stock if the stock is incurring a loss.