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You own 500 shares of Ups&Downs, Inc. stock. It is currently priced at $56. You are going on vacation, and you realize that the company
You own 500 shares of Ups&Downs, Inc. stock. It is currently priced at $56. You are going on vacation, and you realize that the company will be reporting earnings while you are away. To protect yourself against a rapid drop in the price, you place a stop-limit order to sell 500 shares at $46. It turns out the earnings report was not so good, and the stock price fell to $36 right after the announcement. It did, however, bounce back, and by the end of the day it was back to $48. What happened in your account? What happened in your account? (Select the best answer below.) A. It is likely you sold 500 shares at $36 or more per share. O B. It is likely you sold 500 shares between $46 and $48 per share. C. It is likely you sold 500 shares at $46 or less per share. D. It is likely you did not sell the 500 shares
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