Question: You own a stock that has risen from $10 per share to $32 per share. You wish to delay taking the profit but you are

You own a stock that has risen from $10 per share to $32 per share. You wish to delay taking the profit but you are troubled about the short run behavior of the stock market. An effective action on your part would be to a. Purchase a call. b. Utilize a bearish spread. c. Purchase a put. d. Purchase an index option. e. Utilize a bullish spread.

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