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QUESTION
The stock of the Madison Travel Co. is selling for $28 a share. You put in a limit buy order at $24 for one month. During the month, the stock price...
The stock of the Madison Travel Co. is selling for $28 a share. You put in a limit buy order at $24 for one month. During the month, the stock price declines to $20, then jumps to $36. Ignoring commissions, what would have been your rate of return on this investment? What would be your rate of return if you had put in
