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teyodani teyodani
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2 years 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

Fundamentals of Investing


Edition: 14th
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ksweetksweet
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2 years ago
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teyodani Author
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2 years ago
Correct Slight Smile TY
veronee_madison
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nsak
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2 hours ago
This helped my grade so much Perfect
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