is 2 right? I really only need question 3 answered unless 2 is wrong, thank you:) From Ch
is 2 right? I really only need question 3 answered unless 2 is wrong, thank you:)
From Chapter 12: Part 5. Stock market transactions.
(A) Tom and Mary have each decided to buy 100 shares of a high performing Internet stock. The current price of the stock is $240 per share. Tom places a market order while Mary has decided to place a limit order at $230 per share. One week later, the price of the stock never did decline but rose steadily to $305 per share.
Question 3: If the stock had dipped in price to $230 prior to reaching $305 by week's end, what would have been Mary's profit or loss? Show your work.