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In: Finance

Suppose you want to buy Amazon stock if and only if you can buy it for...

Suppose you want to buy Amazon stock if and only if you can buy it for less than $3100/share. The kind of order you should place today if it is trading at $3164/share is a:

Select one:

a. Limit order

b. Market order

c. Stop-loss order

d. Fungible order

Solutions

Expert Solution

Limit Order: one should put a limi order at a limit price and putting a trigger price below $3100/share such that as and when stock goes below $3100, the share gets brought into the account.

jeff jeffy answered 2 years ago
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