Approximately How Many TSX 60 Futures Contracts Are Needed to Hedge

question 40

Multiple Choice

Approximately how many TSX 60 futures contracts are needed to hedge a portfolio constructed of 4500 shares of each of the three stocks,X,Y and Z against a 20 point movement in the TSX?

• A) 5
• B) 3
• C) 4
• D) 2
• E) none of these

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Definitions:

Wave Action

The physical movement of water in the form of waves, which can erode shorelines, shape coastal features, and influence marine ecosystems.

Microbial Degradation

The process by which microorganisms such as bacteria and fungi break down substances, often pollutants, reducing them to simpler, less harmful forms.

Oil Spills

The release of liquid petroleum hydrocarbon into the environment, particularly marine areas, causing pollution and harm to wildlife and ecosystems.

Groundwater's Temperature

The thermal condition of water stored underground in aquifers, which can vary depending on depth, geographical location, and season.