Question: 3 . 6 : P 3 . 6 Imagine that you have placed a limit order to buy 1 0 0 shares of Herr Mining

3.6: P3.6 Imagine that you have placed a limit order to buy 100 shares of Herr Mining Co. at a price of $68, although the stock is currently selling for $71. Discuss the consequences, if any, of each of the following situations.
a. The stock price drops to $69 per share two months before cancellation of the limitorder.
b. The stock gradually drops to $65.
c. The minimum stock price achieved before cancellation of the limit order was $68.50. When the limit order was canceled, the stock was selling for $77.50per share.

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