Assume that 11 months ago you purchased stock in XYZ Company for $50 a share. The stock price is now $72 a share but you would like to wait anchor month before the stock in order to pay a lower capital gains tax rate. Explain how you can use a put to protect yourself from this stock falling in value your expected To protect yourself from this stock falling in value before your expected sale date, you can: (Select the best answer below) Buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) at any time, as there is no expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. Sell a put on the stock which gives you the right to buy the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72, but only if the market goes up. Assume that 11 months ago you purchased stock in XYZ Company for $50 a share. The stock price is now $72 a share but you would like to wait anchor month before the stock in order to pay a lower capital gains tax rate. Explain how you can use a put to protect yourself from this stock falling in value your expected To protect yourself from this stock falling in value before your expected sale date, you can: (Select the best answer below) Buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) at any time, as there is no expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. Sell a put on the stock which gives you the right to buy the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72 regardless of what happens to market price. buy a put on the stock which gives you the right to sell the stock for a specified price (strike or exercise price) prior to expiration. Therefore, a put with a $72 strike will enable you to sell the stock for $72, but only if the market goes up