Ryan bought a stock three years ago for $6 a share. Today, June 22, the stock is selling for $72 a share. Ryan is afraid that the price will fall and does not want to lose his profits so he places a stop-loss order to sell at $70. The stock sells between $71 and $75 throughout the remainder of the day on June 22. On the morning of June 23, the stock opens at $9 a share based on rumors of a possible bankruptcy due to inappropriate accounting procedures. Which one of the following statements is true concerning this situation? a. Ryan was able to sell his stock for $70 a share thereby protecting his profits.
b. Ryan's stock was sold for $9 a share causing him to lose most of his profits.
c. Ryan still owns his shares of stock since his order was never executed at the $70 price.
d. Ryan received a call from the specialist asking him what he wanted to do about his order.

B) Ryan's stock was sold for $9 a share causing him to lose most of his profits.

Explanation:

Stop loss order means the limit the loss to the extent investor has opted. Since Ryan placed a stop loss order at $70, so, when the price of the stock starts at $9, the stock would be sold at $9 because it is the next available price to what he placed a stop loss order.

So, the Answer is Ryan stock is sold for $9 a share causing him to lose most of his profits.

multinational enterprise (MNE)

Explanation:

A multinational enterprise (AKA multinational corporation or transnational corporation) is a corporation that operates in two or more countries.

There are approximately 77,000 MNEs currently operating in the world. The 100 largest MNEs operate on average on 40 different countries and 25 are American MNE, 53 are European, 7 are Japanese. The remaining 15 are based on a whole variety of countries (South Korea, Taiwan, China, Malaysia, Cayman Is., Mexico, etc.).

Coca Cola Company is the MNE that operates in the most countries, it operates in all the world except in Cuba and North Korea.