The stock of the Madison Travel Co. is selling for $28 a share. You put in a limit buy or- der at $24 for one month.
During the month the stock price declines to $20, then jumps to $36. Ignoring commissions, what would have been your rate of return on this invest- ment?
What would be your rate of return if you had put in a market order? What if your limit order was at $18?