Question

magine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.77. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $39.22 per share 2 months before cancellation of the limit order b. The stock price drops to S38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.59. When the limit order was canceled, the stock was selling for $46.78 per share. a. If the stock price drops to $39.22 per share 2 months before cancellation of the imit order, the order ▼| be executed. (Select from the drop-down menu.) b. If the stock price drops to $38.00 per share, the order | ▼| be executed. (Select from the drop-down menu) c. The minimum stock price achieved before cancellation of the limit order was $38.59. When the limit order was canceled the stock was selling for S46 78 per share. The order executed. (Select from the drop-down menu.) be

Answer 1