Question: Question 3 6 2 pts Mike bought 2 0 0 shares of EG stock two years ago at $ 1 6 per share. The stock
Question
pts
Mike bought shares of EG stock two years ago at $ per share. The stock has traded in a range of $ to $ a share over the past year. EG is now selling for $ a share. EG announces its earnings today and Milke feels the stock could go to $ on good news or fall to $ on bad. To protect his profits, the most appropriate order for him to place is
a market order to sell immediately.
a Himit seff onder at $
a limit sell order at $
a stopfinit order to self at $
a stop loss order at $
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
