Examlex

Solved

You Own a Portfolio That Is Valued at $6

question 37

Multiple Choice

You own a portfolio that is valued at $6.4 million and has a beta of 1.27. You would like to create a riskless portfolio by hedging with S&P 500 futures contracts. The contract size is $250 times the index level. How many futures contracts are needed if the current S&P 500 index is 1414?


Definitions:

Engrailed Gene

A gene that plays a crucial role in defining the segments and patterning of the body parts in many organisms, including their limb development.

Paralog

A paralog is a homologous gene that arises by gene duplication. Paralogs together form a gene family.

Ortholog

An ortholog is one of two or more homologous genes separated by a speciation event (as opposed to paralogs — homologous genes, produced by gene duplication, that are both possessed by the same species).

Snakes

Legless reptiles with elongated bodies, covered in scales, known for their ability to swallow prey larger than their head.

Related Questions