Hyacinth, Inc., is a dealer in securities. The firm has spotted a fast-rising company and would like to buy and hold its stock for investment. The stock is currently selling for $2 per share, and Hyacinth thinks it will climb to $40 a share within two years. How can Hyacinth ensure that any gain it realizes will be taxed as long-term capital gain? Draft a letter responding to Hyacinth's inquiry. The firm's address is 200 Catamon Drive, Great Falls, MT 59406.
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