A company has a $36 million portfolio with a beta of 1.2 . The futures price for a contract on an index is 900 . Futures contracts on $250 times the index can be traded. What trade is necessary to reduce beta to 0.9?
A. Long 192 contracts
B. Short 192 contracts
C. Long 48 contracts
D. Short 48 contracts
D
To reduce the beta by 0.3 we need to short 0.3×36,000,000/(900×250) or 48 contracts.
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______ involves actions on the part of the firm that appear to advance some social good beyond the immediate fiduciary interests of the firm and its shareholders, and beyond that which is required by law.
a. ethical fiduciary responsibility b. procedural justice c. servant leadership d. corporate social responsibility
The NLRB holds unions to a higher standard for acceptable behavior in a union election than it does for management.
Answer the following statement true (T) or false (F)
All groups that are affected by a project are known by this name:
A) Ombudsmen. B) Team members. C) Minions. D) Stakeholders.
Tampa Corporation is considering an investment proposal that will require an initial outlay of $804,000 and would yield yearly cash inflows of $200,000 for nine years
The company uses a discount rate of 10%. What is the NPV of the investment? Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 5 3.993 3.89 3.791 6 4.623 4.486 4.355 7 5.206 5.033 4.868 8 5.747 5.535 5.335 9 6.247 5.995 5.759 A) $350,000 B) $402,000 C) $347,800 D) $251,667