Was the # of futures given in that question? I forgot?
when I look at the answ key for 43, it talks about effective beta. It is basically the return on the hedged portfolio/ret on mkt portfolio. probably you would have been asked to calculate number of futures in the prev quesitions. if not, it should be given. either way you need the hedgepositon to calculate the effective beta.
of futures was given in the problem.
25 i think. I misread the question and decided that the trade occurred on Dec 25
yeah, 25. i remember having to look closely to find it…
hah no wonder! Thanks guys. Where was it mentioned? in the table?
It was Client A or B with a paragraph that explained their position.