1. you buy 100 shares of exxon mobile for $60.5,and a week later the oil price has gone down 10 dollars per barrel, The stock price nose-dives to $43.00。 What do you do? explain why?
2. if you bought 1000 lehman brothers shares in 60 dollars,when the stock price goes down to 20 dollars, and you still got that long position at moment,what will you do?explain why?
3. what luck!a friend has sold you a plane ticket to new york city for only a hundred dollars (it usually costs five hundred dollars)!but now you are stuck in traffic on the reckless driving and even then you are not sure you will make it . what do you do ,explain detail.