You obtain the following information concerning a stock, a call option, and a put option Price of the stock $42 Strike price (both options) $40 Price of the call $4 Price of the put $3 Expiration date three months You want to purchase the stock but also want to use an option to reduce your risk of loss. A. Do you purchase the put or the call or do you sell the put or the call? B. What is profit or loss if the price of the stock trades for a) $50 or b) $30 after three months? (If you named few possible positions in part A - show outcomes just for one of those options you suggested)