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hellokidbye hellokidbye
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A month ago
Fred bought 600 shares of Edgewood stock at a price of $19. The stock is currently selling for $53 a share. To protect his profits, Fred should buy

▸ 600 call options with a strike price of $55.

▸ 600 put options with a strike price of $50.

▸ 6 call options with a strike price of $55.

▸ 6 put options with a strike price of $50.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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thevoicexxxthevoicexxx
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6 put options with a strike price of $50.
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hellokidbye
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Brilliant ツ
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Smart ... Thanks!
jayfo05
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This helped my grade so much Perfect
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