1. The following are the limit prices and the quantities of limit sell orders of Stock LUCKY kept in the book: price 15 16 17 18 20 shares 100 50 100 100 1000 You want to buy 100 shares, and you strongly believe that the stock price will decrease. You, of course, also agree that the stock price can increase. You don’t have time to look at the price all the time. The worst price you can accept is $25. How should you make the order? If the price does increase to $25, what will be your buying price?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1. The following are the limit prices and the quantities of limit sell orders of Stock LUCKY kept in the book:

price 15 16 17 18 20
shares 100 50 100 100 1000

You want to buy 100 shares, and you strongly believe that the stock price will decrease. You, of course, also agree that the stock price can increase. You don’t have time to look at the price all the time. The worst price you can accept is $25. How should you make the order? If the price does increase to $25, what will be your buying price?

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