You Bought Harley-Davidson Stock at $9 in March 2009 and Saw

question 13

Essay

You bought Harley-Davidson stock at $9 in March 2009 and saw the value increase to $22,then drop to $17 by early June 2009.Looking back,you realized that you missed a chance to "lock in" your profits and sell the stock at a price of $21 or higher.If you did not want to use a market order,what should you have used to lock in your profit?

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Definitions:

Create (+) Icon

A graphical interface element typically used in software applications to indicate the functionality for adding new items, such as records, files, or directory entries.

Bank Deposit

The act of placing money into a banking institution for safekeeping, which can also refer to the money that has been deposited.

Add New Deposits

The act of recording or entering new sums of money placed into a banking account.

Internal Control

Actions and protocols set up by an organization to safeguard the reliability of its financial and accounting data, foster responsibility, and mitigate fraudulent activities.