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
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
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 4FPE
Related questions
Question
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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