The current price of XUM stock is $35. Jason places a limit order for 100 shares at $30, GTC. The price fall so $30.05 and the rises over the course of a month to $42
A) Jason has a gain of $1,200.
B) Jason has a gain of $1,195.
C) Jason does not own the stock, but will if his trade can ever be executed at $30.00 or better.
D) Jason has a loss of $1,195.
Answer: C
You might also like to view...
When gross domestic product increases, what is the outcome for economic growth?
A) Aggregate output will increase. B) The nation will experience a slowdown in growth. C) Aggregate output will decrease. D) Growth will remain steady when compared to developing nations. E) Growth will decline based on the value of the national currency.
Suppose someone uses an Internet server, such as AOL, to send a message to others that is defamatory. The person injured by the defamation has a good case against:
a. the sender and AOL b. neither party; defamation may only occur when the transmission is face-to-face c. the sender but not AOL under any circumstances d. neither party; defamation actions from Internet transmissions are shielded by federal law e. none of the other choices