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Michael Hallen, CFA, manages an equity portfolio with a current market value of $78 million and a beta of 0.95. Convinced the market is poised for a significant upward movement, Hallen would like to increase the beta of the portfolio by 40 percent, using S&P 500 futures currently trading at 856. The multiplier is 250. What is the number of futures contracts, rounded up to the nearest whole number, that will be needed to achieve Hallen’s objective? A. 143. B. 144. C. 139. |