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qaws [65]
3 years ago
12

Question 2 (1 point)

Mathematics
1 answer:
hichkok12 [17]3 years ago
8 0

Answer:

Rebecca does not have a return yet because the stock was not sold since there was a limit order at $33.

However, the value of her investment can be put around $2,400 (100 x $24 average price).

Step-by-step explanation:

Price of Havad Stock bought a year ago = $20

No. of shares = 100

Limit order selling price = $33

Stock prices during the limit order day = $23, $26, and $22

The stock cannot be sold, since its price did not reach $33.

Rebecca's limit order is an order to buy or sell her stock in Havad at $33 or better. Since her order is a sell limit order, it can only be executed at the limit price of $33 or higher.  Unfortunately, the price of the stock did not reach the limit order on that particular day.  This implies that her limit order is not guaranteed to execute.

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