A bond portfolio manager expects a cash outflow of $35,000,000 . The manager plans to hedge potential risk with a Treasury futures contract with a value of $105,215 . The conversion factor between the CTD and the bond specified in the Treasury futures contract is 0.85 . The duration of bond portfolio is 8 years, and the duration of the CTD bond is 6.5 years. Indicate the number of contracts
required and whether the position to be taken is short or long.
a. 333 contracts short
b. 333 contracts long
c. 348 contract short
d. 348 contracts long
e. None of the above
C
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Answer the following statements true (T) or false (F)
1. When there is short-term high demand, an organization should add capacity to fix the waits. 2. The design day and the capacity day are both concepts used by organizations to predict guest demand. 3. Any waiting-line model must include the number of guests arriving and how long it takes to serve guests. 4. The single-channel, multi-phase queue is essentially two or more single-channel, single-phase queues in sequence. 5. “People don’t want to wait in two lines” has been said to be a disadvantage of multi-phase queues.
Reverse discrimination applies where preference has been given because of ________
a) race b) national origin c) gender d) a&c e) all
Federal unemployment compensation tax (FUT
A) is not withheld from employees' gross earnings.
When designing a package, which characteristic is least important?
A. An association with the company's brand mark B. Cost-effectiveness C. Environmental responsiveness D. Safety E. The value it has as a promotional tool