Top Posters
Since Sunday
30
10
C
7
C
6
6
o
5
R
5
m
5
m
5
m
5
c
5
c
5

# Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at$50 and Alex has ...

wrote...
Posts: 18
Rep:
1 months ago
Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at$50 and Alex has placed a stop loss order at $47.50, good til canceled. Which of the following is true? ▸ If the price falls to$40, there is a high probability that Alex will sell at a price close to $47.50. ▸ If the price falls, to$40, Alex can be sure that the stock will sell at $47.50 or higher. ▸ If the price falls overnight to$40 and continues to fall from there, Alex will not be able to sell his stock.

▸ If the price falls briefly below \$47.50 but bounces back before the order can be executed, Alex will still own the stock.
Textbook

## Fundamentals of Investing

Edition: 14th
Authors:
Replies
Answer verified by a subject expert
ksweetksweet
wrote...
Posts: 23
Rep:
1 months ago

### Related Topics

wrote...
Posts: 18
Credits: 10

1 months ago
 You make an excellent tutor!
wrote...
Posts: 120
Credits: 125

Yesterday
 Thanks
wrote...
Posts: 69
Credits: 40

2 hours ago
 Good timing, thanks!