The manager of a blue chip growth stock mutual fund is trying to fully hedge the $650 million portfolio position during the last two months of the calendar year. The current price of the S&P 500 Index futures contract is 1200
If the mutual fund has a beta of 1.24, how many contracts will be needed to hedge the fund?
A)
1,083
B)
3,033
C)
242,963
D)
541,666
Answer:
B
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A building costing $550,000 with accumulated depreciation of $225,000 was sold for $275,000 cash. Which of the following statements is correct with respect to preparing the cash flow statement if the indirect method is being used?
A. $50,000 will be added to net income to determine cash flow from operating activities and $325,000 will be reported as a cash outflow in the investing activities section. B. $50,000 will be deducted from net income to determine cash flow from operating activities and $275,000 will be reported as a cash inflow in the investing activities section. C. $275,000 will be added to net income to determine cash flow from operating activities and $325,000 will be reported as a cash outflow in the investing activities section. D. $50,000 will be added to net income to determine cash flow from operating activities and $275,000 will be reported as a cash inflow in the investing activities section.
Unsanctioned influence attempts that seek to promote self-interest at the expense of organizational goals are known as ______.
A. power poses B. gerrymandering C. corrosive political climate D. organizational politics
A 401(k) plan is also called a cash balance pension plan.
Answer the following statement true (T) or false (F)
A seller is not required to give a written warranty for consumer goods sold
Indicate whether the statement is true or false