You Own 50 Shares of Auto Corporation That You Purchased

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 percent
B) 16.7 percent
C) 50.0 percent
D) 66.7 percent
E) 150.0 percent