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Karl is the vice president of a medium size corporation that operates retail sporting goods stores in seven states. karl has considerable stock that he purchased and received over the years while working there. karl has purchased no stock for the last three years because all his excess funds have gone for college expenses for his oldest son. karl’s daughter will begin college in the fall, and karl needs to sell some stock. karl knows that one of the retail locations where the corporation owns the real estate was once used as a toxic dump. the corporation is legally obligated to clean up this site, and the costs will have a material effect on the corporation’s net income for several years. this information is not yet public. karl can:
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