USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 27

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
As a portfolio manager, you are responsible for a $150 million portfolio, 90 percent of which is invested in equities, with a portfolio beta of 1.25. You are utilizing the S&P 500 as your passive benchmark. Currently the S&P 500 is valued at 1202. The value of the S&P 500 futures contract is equal to $250 times the value of the index. The beta of the futures contract is 1.0.
-Refer to Exhibit 15.11. If you anticipate a cash outflow of $5 million next week, how many futures contracts should you buy or sell in order to mitigate the effect of this outflow on the portfolio's performance (rounded to the nearest integer) ?

• A) sell 21 contracts
• B) buy 21 contracts
• C) sell 17 contracts
• D) buy 17 contracts
• E) buy 13 contracts

Understand the process and importance of setting sales territories for efficient market coverage.

Learn the principles and application of multivariable account segmentation in sales.

Identify the steps involved in territory management and the continuous nature of this process.

Recognize the role of sales quotas in driving sales performance and territory management.

---

Definitions:

Development

The process of change and growth in physical, emotional, intellectual, and social dimensions from birth through the lifespan.

Nurture

The process of caring for and encouraging the growth or development of someone or something.

After Conception

Refers to the period of time following the fertilization of an egg by a sperm, marking the beginning of pregnancy.