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You have been watching a stock which is currently trading at RM50 per share. You would like to buy the stock if it were a

You have been watching a stock which is currently trading at RM50 per share. You would like to buy the stock if it were a little less expensive, at RM47 per share. You believe that the stock price will go to RM70 by year-end, and then level off or decline. You decide to place a limit order to buy 100 shares of the stock at RM47, and a limit order to sell it at RM70. It turns out that you were right about the direction of the stock price, and it goes straight to RM75.

Calculate your gains/loss of your stock holding.

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