Answer:
Rebecca does not have a return yet because the stock was not sold since there was a limit order at $33.
However, the value of her investment can be put around $2,400 (100 x $24 average price).
Step-by-step explanation:
Price of Havad Stock bought a year ago = $20
No. of shares = 100
Limit order selling price = $33
Stock prices during the limit order day = $23, $26, and $22
The stock cannot be sold, since its price did not reach $33.
Rebecca's limit order is an order to buy or sell her stock in Havad at $33 or better. Since her order is a sell limit order, it can only be executed at the limit price of $33 or higher. Unfortunately, the price of the stock did not reach the limit order on that particular day. This implies that her limit order is not guaranteed to execute.
