You Bought IBM Stock at $70 Per Share

question 3

Multiple Choice

You bought IBM stock at $70 per share.It is now $120 a share.You think it could go higher but you are nervous that it could go down and you would lose your gains.To protect your gains but still give yourself the chance to make future profits,you could place a

• A)limit order to sell for $130 a share.
• B)sell stop order at $110 a share.
• C)limit order to sell for $110 a share.
• D)sell stop order at $130 a share.

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Definitions:

Breaches

Violations or failures to perform as required or promised in a contract or agreement.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.

Breach

The violation or non-fulfillment of a legal obligation, contract, duty, or standard.

Recover

Refers to the process of getting back lost or inaccessible data or functions from damaged or failed hardware or software.