Copernicus Quark thinks the market is about to drop sharply and wants to reduce the b risk
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Copernicus Quark thinks the market is about to drop sharply and wants to reduce the b risk of his $1 billion portfolio from 1.30 to 0.75 for a couple of months.He will use the 3-month CME S&P 500 contract.The current index futures price is 1500 and the contract size is $250 per index point.What position does Quark need to take?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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