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The current price of a nor-dividend-paying stock is $40. Over the next year it is expected to rise to $42 or fall to $37. An

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The current price of a nor-dividend-paying stock is $40. Over the next year it is expected to rise to $42 or fall to $37. An investor buys put options with a ntrikn price of \$41. Which of the following is necessary to hedge the position? Buy 0.2 shares for each option purchased Sell 0.8 shares for each option purchased Buy 0.8 shares for each option purchased Sell 0.2 shares for each option purchased

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