Question: A portfolio has a value P(E,S), so that the value P is a function of E, the price of a Euro in Canadian dollars, and
A portfolio has a value P(E,S), so that the value P is a function of E, the price of a Euro in Canadian dollars, and S, the level of the TSX stock index. Presently the portfolio is worth $202,000, while a Euro is $1.50 Canadian, and the index is S=18,000. If the partial derivatives of P have values EP=79,000, and SP=25, what approximately will the portfolio value be if the price of a Euro goes down by 0.08 and the stock index goes down by 491
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