She would like to buy 100 shares of stock at some point during the day if the price falls to $260.51, therefore she places a order at 12:21 PM EDT. When she places a day order, if the price does not reach $260.51 by the end of the day, her order will be . Her broker is able to execute the trade two hours later, obtaining her 100 shares at $260.51 each. Suppose the price of the stock falls for the rest of the day, eventually closing at a price of $259.38. In this case, the total value of the shares she purchased between the time of her purchase and the end of the day. If she had instead placed a order at 12:21 PM and obtained the same number of shares at $264.09 per share, she would have by the end of the day instead.

Answer rating: 100% (QA)

Okay Look at this 1 She initially wanted to buy 100 shares at 26051 per share 2 Her broker executed ... View the full answer