If You Bought a Security at $10 a Share and Its

question 46

True/False

If you bought a security at $10 a share and its price then rose to $30,you might wish to protect your profit by placing a stop-loss order at,say,$28 a share.

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Definitions:

Parts Warehouse

A storage facility specialized in storing spare parts for various types of machinery or vehicles.

Without Recourse

A legal term indicating that the holder of a financial instrument cannot demand payment from the original issuer in the case of default.

Transfer

The act of moving or conveying property, rights, or obligations from one entity or person to another.