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NEW QUESTION: 1
An investor has a portfolio with a value of $1,000,000 and a beta of 2.5. He believes the portfolio carries more market risk than he desires and wishes to reduce the beta to 1. How many futures contracts should be buy or sell to reduce the beta if the futures contracts have a beta of 1.2 and the notional value of each contract is
$240,000?
A. Buy 1 contracts
B. Sell 9 contracts
C. Buy 4 contracts
D. Sell 5 contracts
Answer: D
Explanation:
Explanation
The investor's needs to sell futures contracts, as his current position is long. He needs to sell ($1,000,000 x (2.5-1)) / ($240,000 x 1.2) = 5.2 contracts, or rounded to 5 contracts.
It is important to note here that the investor wishes to retain a beta of 1, and does not want to get rid of all market exposure.
NEW QUESTION: 2
Given:
結果は何ですか?
A. 100 200 : 100 0 :
B. 100 200 : 100 200 :
C. 100 200 : 0 0 :
D. 0 0 : 100 0 :
Answer: A
NEW QUESTION: 3
According to ITIL@ v3 framework, KPIs have to be related to specific inputs, outputs and activities. What is the relationship of KPIs to each organization?
A. assigned
B. provided
C. common
D. unique
Answer: D
NEW QUESTION: 4
A security auditor is reviewing the following output from file integrity monitoring software installed on a very busy server at a large service provider. The server has not been updates since it was installed. Drag and drop the log entry that identifies the first instance of server compromise.
Answer:
Explanation: