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

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A sell stop order is an order to sell a stock at a specific price or lower. In this case, the investor wants to protect their profit, so they should set the stop order at a price that is below the current market price. Option A at $22 per share is too low and would result in selling the stock at the same price it was purchased. Option C at $47 per share is too high and doesn't provide enough protection for the profit already made. Option D at $53 per share is too high and would result in missing out on potential additional gains. Option B at $40 per share allows for some potential additional gains while still protecting the profit already made.

A Stock That You Purchased at a Price of $22