You have a short position of 1000 shares of stock at $80 per share

You have a short position of 1000 shares of stock at $80 per share. The price has decreased to $70. The forecasts from stock analysts are mixed. If you would like to cover your short position if the stock increases as much as $1 but stay put if the price continues going down. What could you do? A. Sell limit order at $71. B. Buy limit order at $71. C. Sell stop order at $71. D. Buy stop order at $71. Your answer to (1.3): 1 1.4 Suppose you have a stop-loss order to sell some shares of stock that you own. Currently, the stock price is $50, and you set the stop price to be $45. How much will you receive per share if the price decreases to $42? A. $3. B. $5. C. $8. D. Cannot tell with the given information.