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Mike bought 200 shares of EG stock two years ago at $16 per share. The...

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Accounting

Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range of $21 to $44 a share over the past year. EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the stock could go to $60 on good news or fall to $30 on bad. To protect his profits, the most appropriate order for him to place is

A.

a stop loss order at $42.

B.

a

stopminuslimit

order to sell at $45.

C.

a limit sell order at $60.00.

D.

market order to sell immediately.

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