You purchased JNJ stock at $50 per share. The stock is currently selling at $65. Your gains may be protected by placing a
A. stop-buy order.
B. limit-buy order.
C. market order.
D. limit-sell order.
E. None of these options are correct.
D. limit-sell order.
With a limit-sell order, your stock will be sold only at a specified price, or better. Thus, such an order would protect your gains. None of the other orders are applicable to this situation.
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