Score: 0 of 1 pt 3 of 10 ( completa) HW Score.U of P14.13 (similar to) Question Help Max Houck holde 700 shares of Boulon Gas and Light. He bought the stock several years ago at $51.55 and the shares are now trading at $78.00 Max is concerned that the market in beginning to some He don't want to sell the stock, but he would like to be able to protect the proft he's made. He decides to hedge his position by buying puts on Boulder GSL The three-month puts carry a strike price of 57800 and are creading a $340 How much prefer tous wa Max make on the death price of Boulder GEL does indeed drop to $61 50 a share, by the expiration date on the puts? b. How would do the stock up going up in price and reached $86.00 a share by the expiration date? c. Wut you see as the major advantages of using puts as hedge vehicles Would as have been better closing in the money putsats, puls wth an $89.00 striko price that are trading at $10.37? How about using out of the-money puts--soy doo wa $73.50 trske price, trading OSA E the price of Boude Globoeddrup. o 56150 a share, by the mention date on the puts. Mes will have a prodle for loss) at $ (Round to the neareston Er your own band then click here Cha Typ here to search 616 PM 1270/0 EVO IN va . 3 5 6 7 B 9 O Q W E R T Y U P S D F G H J 2 3 N C