Question: Problem #9: A portfolio has a value P(E,S), so that the value P is a function of E, the price of a Euro in

Problem #9: A portfolio has a value P(E,S), so that the value

Problem #9: 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 $232,000, while a Euro is $1.50 Canadian, and the index is S = 18,000. If the partial derivatives of P have values 3 = 69,000, and 3 = 16, what approximately will the portfolio as value be if the price of a Euro goes down by 0.05 and the stock index goes down by 320? Problem #9:

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