You purchased XYZ stock at $50 per share. The stock is currently selling at $65. Your gains could be protected by placing a _________.    Group of answer choices   limit buy order limit sell order market order stop-loss order

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Chapter11: Investment Planning
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You purchased XYZ stock at $50 per share. The stock is currently selling at $65. Your gains could be protected by placing a _________. 
 
Group of answer choices
 
limit buy order
limit sell order
market order
stop-loss order
Expert Solution
Step 1

A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price.

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