Gavin Has Owned MNOP Stock for Several Years and Has

question 113

Multiple Choice

Gavin has owned MNOP stock for several years and has seen the stock increase in value from $20 to $35. He wants to "lock in" his gains, so he needs to place an order that will sell his stock at the next available opportunity after its market price drops to $33. What kind of order should he use?

• A) Current sale order.
• B) Limit order.
• C) Market order.
• D) Stop-loss order.
• E) None of these.