Response to the following problem:
If you place a stop-loss order to sell at $2.30 on a share currently selling for $2.65 per share, what is likely to be the minimum loss you will experience on 500 shares if the share price rapidly declines to $2.05 per share? Explain. What if you had placed a stop-limit order to sell at $2.30, and the share price tumbled to $2.05?