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Author Question: Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range ... (Read 55 times)

tashina2013

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on: Mar 29, 2022

Question 1

McDonald's stock is now selling for $190 per share.  Kim wants to buy 100 shares but only if she can do so at $180 or less.  She should place a(n)
◦ stop order.
◦ market order.
◦ limit order.
◦ odd-lot order.

Question 2

Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range of $21 to $44 a share over the past year. EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the stock could go to $60 on good news or fall to $30 on bad.  To protect his profits, the most appropriate order for him to place is
◦ market order to sell immediately.
◦ a limit sell order at $60.00.
◦ a stop loss order at $42.
◦ a stop-limit order to sell at $45.
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
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Marked as best answer by tashina2013 on Mar 29, 2022

DevinBrifm

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Reply #1 on: Mar 29, 2022
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tashina2013

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Reply 2 on: Mar 29, 2022
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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