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Bob tells his broker to buy 100 shares of Coca-Cola. Terri tells her broker to buy Berkshire Hathaway if it falls to $80,000. Tammy tells her broker to sell Google if it falls to $50. Describe these various types of orders. What is a discretionary order? What could be some advantages of using an order other than a market order for buying or selling stock?

 

Financial Management, Finance

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