18.20. Suppose that * 100 billion equity asset are the subject of portfolio insurance schemes. Assume that the schemes are designed to provide insurance against the value of the asset declining by more than 5% within a year. If r = 0.06, 0 = 0.25, and q , = 0.03. Calculate the value of the stock or future contract that the administrator of the portfolio insurance schemes will attempt to sell if the market falls by 23% in a single day? r O= q = 18.20. Suppose that * 100 billion equity asset are the subject of portfolio insurance schemes. Assume that the schemes are designed to provide insurance against the value of the asset declining by more than 5% within a year. If r = 0.06, 0 = 0.25, and q , = 0.03. Calculate the value of the stock or future contract that the administrator of the portfolio insurance schemes will attempt to sell if the market falls by 23% in a single day? r O= q =