What type of order and at what transaction price

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Reference no: EM131596223

Suppose one year ago you sold short 1,000 shares of Texas Instruments (TXN) for $33.30 per share. TXN shares now sell for $28.50 per share. Though you believe TXNs stock price will go lower, you would like to lock in a gross profit of at least $4,000. What type of order, and at what transaction price(s), would you place to accomplish this? What might go wrong?

Reference no: EM131596223

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