Amber is considering the purchase of 100 shares of common stock which are currently selling...

90.2K

Verified Solution

Question

Finance

image
Amber is considering the purchase of 100 shares of common stock which are currently selling at $43. She feels the stock price will go up, but also knows that the price has fluctuated between $35 and $50 recently. She is considering a Limit Order to buy at $39 or a Market Order to buy. A. If the price goes to $39 and then to $55, how much capital gain will she make with each type of order? B. If the price just goes to $55, how much capital gain will she make with each type of order? C. What lesson did you learn from this

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students