You Own 50 Shares of Auto Corporation That You Purchased

question 14

Multiple Choice

You own 50 shares of Auto Corporation that you purchased for $30 per share. The stock is currently selling for $50 per share and you placed a stop loss order at $45. If the stock price drops to $35 per share, what is your return on this investment?

• A) -30.0%
• B) 16.7%
• C) 50.0%
• D) 66.7%
• E) 150.0%

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