The current price of XUM stock is $35. Jason places a limit order for 100 shares at $30, GTC. The price fall so $30.05 and the rises over the course of a month to $42
A) Jason has a gain of $1,200.
B) Jason has a gain of $1,195.
C) Jason does not own the stock, but will if his trade can ever be executed at $30.00 or better.
D) Jason has a loss of $1,195.
Answer: C
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