Reference no: EM132068845

Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $ 37.00, although the stock is currently selling for $ 39.34. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $ 38.16 per share 2 months before cancellation of the limit order. b. The stock price drops to $ 37.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $ 37.69. When the limit order was canceled, the stock was selling for $ 45.84 per share. a. If the stock price drops to $ 38.16 per share 2 months before cancellation of the limit order, the order will will not be executed.(Select from the drop-down menu.) b. If the stock price drops to $ 37.00 per share, the order will will not be executed. (Select from the drop-down menu.) c. The minimum stock price achieved before cancellation of the limit order was $ 37.69. When the limit order was canceled, the stock was selling for $ 45.84 per share. The order will will not be executed. (Select from the drop-down menu.)