Multiple Choice
Gavin has owned MNOP stock for several years and has seen the stock increase in value from $20 to $35. He wants to "lock in" his gains, so he needs to place an order that will sell his stock at the next available opportunity after its market price drops to $33. What kind of order should he use?
A) Current sale order.
B) Limit order.
C) Market order.
D) Stop-loss order.
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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