Question 2 (1 point) Saved
A year ago, Rebecca purchased 100 shares of Havad stock for $20 per share.
Yesterday, she placed a limit order to sell her stock at a price of $33 per share before
the market opened. The stock's price opened at $23 and slowly increased to $26 in
the middle of the day, before declining to $22 by the end of the day. The stock did
not pay any dividends over the period in which Rebecca held it. Given Rebecca's
initial investment of $ 20 per share, her return is

Rebecca does not have a return yet because the stock was not sold since there was a limit order at $33.

However, the value of her investment can be put around $2,400 (100 x $24 average price).

Step-by-step explanation:

Price of Havad Stock bought a year ago = $20

No. of shares = 100

Limit order selling price = $33

Stock prices during the limit order day = $23, $26, and $22

The stock cannot be sold, since its price did not reach $33.

Rebecca's limit order is an order to buy or sell her stock in Havad at $33 or better. Since her order is a sell limit order, it can only be executed at the limit price of $33 or higher.  Unfortunately, the price of the stock did not reach the limit order on that particular day.  This implies that her limit order is not guaranteed to execute.

the monthly balance will be $75,000