Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at $50 and Alex has placed a stop loss order at $47.50, good til canceled. Which of the following is true?
A) If the price falls to $40, there is a high probability that Alex will sell at a price close to $47.50.
B) If the price falls, to $40, Alex can be sure that the stock will sell at $47.50 or higher.
C) If the price falls overnight to $40 and continues to fall from there, Alex will not be able to sell his stock.
D) If the price falls briefly below $47.50 but bounces back before the order can be executed, Alex will still own the stock.

Question

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The Answer of Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at $50 and Alex has placed a stop loss order at $47.50, good til canceled. Which of the following is true?
A) If the price falls to $40, there is a high probability that Alex will sell at a price close to $47.50.
B) If the price falls, to $40, Alex can be sure that the stock will sell at $47.50 or higher.
C) If the price falls overnight to $40 and continues to fall from there, Alex will not be able to sell his stock.
D) If the price falls briefly below $47.50 but bounces back before the order can be executed, Alex will still own the stock.

Alex Bought 100 Shares of CBG Corporation at $20 Per