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You purchase 100 shares of MSFT one month ago for $254 per share. Today MSFT is trading at $247 per share. You believe MSFT is

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You purchase 100 shares of MSFT one month ago for $254 per share. Today MSFT is trading at $247 per share. You believe MSFT is a sound company and a good stock, and you would like to maintain your long position unless the stock begins to plummet in value. You want to sell if MSFT drops below $230 per share. What should you do? place a market arder to sell immediately place a stop loss order to sell at $230 place a limit order to sell at 5230 do nothing uniess the price actually drops to $230 Which of the following statements is true regarding market orders? They are always good 'til canceled orders They are always fill or kill orders They are always day orders They are automatically canceled if they are not filled within 30 days

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