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Question III: (5 MARKS) You were watching the TV Series 'Billions" where the hedge fund (Axe Capital) manager Bobby Axelrod wanted to lock in the profits without selling the stocks. This was in the Year 2021. The hedge fund Axe Capital had gone long in the stock of XYZ company; 12000 shares of stock purchased at 40 S per share at March 2021 . The expectation was that the price of the stock will appreciate, however the uncertainty was more. The stock price went to 60 ser share at the end of Year 2021. Axelrod wanted to lock-in the profits. However, due to tax purposes, he did not want to sell the stocks in the market but still lock-in the profits. The expectation was that the next year Long term and short term capital 3.1 ( 2 marks) What strategy can Axelrod adopt to lock-in the profits now i. 2021 when price of XYZ is $60 per share. 3.2 (3 marks) Also show using this strategy gain or loss be if the prices in April 2022 were as folo a. Price of XYZ=$80 b. Price of XYZ=$30