7. 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...

7. 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?