... eliminate all risk but it does eliminate risk between the two strike prices, all upside is retained, and sale of the lower strike price put reduces initial cost A collar gives away all upside above... C) buying an OTM put and sell a further OTM put Explanation Only one choice meets all objectives of reducing the risk, retaining all upside, and reducing initial cost Purchase and sale of the... call strike price The ATM put is the most expensive strategy and does nothing to reduce initial cost Question #6 of C) A discretionary trust with the grandchildren as the beneficiaries Explanation