A stock that you purchased at a price of $22 per share has risen to $46 per share. You wish to avoid losing all of your your profit while still allowing an opportunity for additional gains; therefore, you should put in a sell stop order at a price of
A) $22 per share.
B) $40 per share.
C) $47 per share.
D) $53 per share.
Answer: B
Explanation: B) The sell stop order should be place at $40 per share so if the stock declines in value, it will trigger a sell before all of the gains have been wiped out.
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