Q a schweser self test 03 private wealth management question

... #5 of Park suggests to Chen Wang that derivatives can be used as an alternative to an immediate sale as a way to reduce the risk in GFTC In order to retain all of the security upside and minimize... recommend: A) Term life insurance on the grandchildren B) A deferred start annuity with the grandchildren as the annuitants C) A discretionary trust with the grandchildren as the beneficiaries ... minimize initial cost, Park would recommend: A) a collar B) an at-the-money protective put C) buying an OTM put and sell a further OTM put Question #6 of Based on the Chen Tao's objectives, Park is