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You place a stop-loss order to sell 500 shares of AAPL with a stop price of $180. The current price is $185. How much will you receive for each share if during the trading day AAPL declines to $170 and closes the trading day at $188

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abiolataiwo2015

Answer:

$90,000

Explanation:

Calculation to determine How much will you receive for each share

Using this formula

Amount that will be received = Number of shares * Stop price that was reached in a day

Let plug in the formula

Amount that will be received= 500 shares * $ 180

Amount that will be received= $ 90,000

Therefore How much will you receive for each share is $90,000