1.Jerry buys a stock on May 3, 2019 for $100,000. The company has major problems and it appears that the company is nearing bankruptcy in March of 2020. Jerry has already recognized $100,000 of short term and $150,000 of long-term gains. Jerry is concerned that the stock will be worthless by the end of the year. His broker has offered to buy he stock from him for $1. Should he do that? Why or why not?