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.

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Definitions:

Sharing

The act of giving a portion of what one has to others, often seen as a cooperative behavior.

Evaluating

Assessing or judging the value, performance, or significance of something based on criteria or standards.

Brainstormed List

A compilation of ideas generated through a group's creative thinking process aimed at solving a specific problem.

Evaluate

The process of examining something carefully to judge its value, quality, importance, or condition.