Multiple Choice
You own 50 shares of Auto Corporation that you purchased for $30 a share.The stock is currently selling for $50 a share and you placed a stop loss order at $45.If the stock price drops to $35 a share what is your return on this investment?
A) -30.0%
B) 16.7%
C) 50.0%
D) 66.7%
E) 150.0%
Correct Answer:
Verified
Correct Answer:
Verified
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