Question $13$

Ms$.$ Brown sold short $100$ shares of common stock at $$78$ per share. The price has declined to $$69.$ The outlook for the stock is mixed, so she would cover her short position if the stock moves up as much as $$1$ but hold if it continues down. Ms$.$ Brown should place a

sell limit order at $$70.$

buy stop order at $$70.$

buy limit order at $$70.$

sell stop order at $$70.$