Calebmf18601 Calebmf18601
  • 22-10-2020
  • Business
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You purchased XYZ stock at $50 per share. The stock is currently selling at $65. Your gains could be protected by placing a

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topeadeniran2 topeadeniran2
  • 22-10-2020

Answer: stop loss order

Explanation:

A stop-loss order is a form of order that occurs when an investor tells the broker to either purchase or sell a stock when the stock has reached a particular price. The function of this is to help curb losses on the stock.

In this situation, the stock is being traded at a oricegifher than the purchase price so a stop loss order was vital.

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