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25. Fred bought 600 shares of Edgewood stock at a price of $19. The stock is currently selling for $53 a share. To protect his
25. 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 A) 600 call options with a strike price of $55. B) 600 put options with a strike price of $50. C) 6 call options with a strike price of $55. D) 6 put options with a strike price of $50.
The Answer is D, but I would like to see a graph of this to see it better. Will give a like!
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