Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool...
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Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $68.00, although the stock is currently selling for $70.26. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $69.22 per share two months before cancellation of the limit order. b. The stock gradually drops to $65.07 per share. c. The minimum stock price achieved before cancellation of the limit order was $68.54. When the limit order was canceled, the stock was selling for $77.14 per share. a. If the stock price drops to $69.22 per share two months before cancellation of the limit order, the order be executed. (Select from the drop-down menu.)
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