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You decided to buy 1000 shares of ESTA Corp. Currently it is trading at $87 per share. You think you can get a better price
You decided to buy 1000 shares of ESTA Corp. Currently it is trading at $87 per share. You think you can get a better price and place a limit order to buy shares at $85 per share. During the next month the stock price goes up to $93. What is your profit?
- A. -$6,000
- B. $0
- C. $6,000
- D. $8,000
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