Business > CASE STUDY > FIN100 Week7assignment.docx FIN100 Week 7 Homework: Definitions FIN100: Principles of (All)
FIN100 Week7assignment.docx FIN100 Week 7 Homework: Definitions FIN100: Principles of
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FIN100 Week7assignment.docx FIN100 Week 7 Homework: Definitions FIN100: Principles of Finance Week 7 Homework Instructions: Please respond to the following questions: 1. Describe the differe... nces among the following three types of orders: market, limit, and stop loss. Provide examples of each in your own words. Your Answer: A market order is an order to buy or sell the stock at the markets current best available price. €œFor example, an investor enters an order to purchase 100 shares of a company XYZ Inc. "at the market". Since the investor opts for whatever price XYZ shares are going for, the trade will be filled rather quickly at wherever the current price of that security is at.€ (Dhir, R.) A limit order is an order to buy or sell a stock that has a restriction on its maximum price to be paid, or its minimum price to be sold. €œFor example, if a trader is looking to buy XYZ's stock but has a limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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