You Own a Stock That Has Risen from $10 Per

question 23

Multiple Choice

You own a stock that has risen from $10 per share to $32 per share.You wish to delay taking the profit but you are troubled about the short run behavior of the stock market.An effective action on your part would be to

• A) Purchase a put.
• B) Purchase a call.
• C) Purchase an index option.
• D) Utilize a bearish spread.
• E) Utilize a bullish spread.

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