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Summary 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 differences among the following three types of orders: market,$7.49
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Summary 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 differences among the following three types of orders: market,
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FIN100 W FIN100 Week 7 Homework: Definitions FIN100: Principles of Finance Week 7 Homework Instructions: Please respond to the following questions: 1. Describe the differences among the following three types of orders: market, limit, and stop loss. Provide examples of each in your own wor...
fin100 week7assignmentdocx fin100 week 7 homework definitions fin100 principles of finance week 7 homework instructions please respond to the following questions 1 describe the differe
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FIN100
Week 7 Homework: Definitions
FIN100: Principles of Finance
Week 7 Homework
Instructions: Please respond to the following questions:
1. Describe the differences 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. “For 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. “For
example, if a trader is looking to buy XYZ's stock but has a limit of $14.50, they will
only buy the stock at a price of $14.50 or lower.” (Kramer, M. J.) A stop order is an
order to buy or sell a stock at the market price once the stock has traded at or through a
specified price. “For example, if you own a stock that's currently worth
$12.57, you might place a stop order to sell with a price of $12.50. If the stock price
dips down to $12.50 or lower, your stop order becomes a market order to sell, and
you'll automatically sell the stock for the best price available at that moment.” (Milton,
A, n.d.)
2. What is a short sale? Provide an example in your own words.
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