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27. From the perspective of determining profit and loss, the long futures position most closely resembles a levered investment in a A. long call; B.

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27. From the perspective of determining profit and loss, the long futures position most closely resembles a levered investment in a A. long call; B. short call; E. long stock position plus a swap. C.short stock position; D. long stock position; 28. A corporation will be issuing bonds in 6 months, and the Treasurer is concerned about unfavorable interest rate moves during those 6 months. The best way for her to hedge the risk is to buy stock-index futures; A. buy T-bond futures; B. sell T-bond futures;c D. sell stock-index futures 29. A bank has made long-term fixed-rate mortgages and has financed them with short- 8 term deposits. To hedge out its interest rate risk, the bank could A. sell T-bond futures; B. buy T-bond futures C. buy stock-index futures; D. sell stock-index futures; E. buy margined T-bonds 30. Managed portfolio P has a standard deviation equal to 22% and a beta of .9 when the market portfolio's standard deviation is 26%. The adjusted portfolio P needed to calculate the M2 measure will have what percentage invested in the managed portfolio, with the rest invested in T-bills A. 118.1%; B. 94.6% 96; CB0.796: D.15.4%; E6.696 27. From the perspective of determining profit and loss, the long futures position most closely resembles a levered investment in a A. long call; B. short call; E. long stock position plus a swap. C.short stock position; D. long stock position; 28. A corporation will be issuing bonds in 6 months, and the Treasurer is concerned about unfavorable interest rate moves during those 6 months. The best way for her to hedge the risk is to buy stock-index futures; A. buy T-bond futures; B. sell T-bond futures;c D. sell stock-index futures 29. A bank has made long-term fixed-rate mortgages and has financed them with short- 8 term deposits. To hedge out its interest rate risk, the bank could A. sell T-bond futures; B. buy T-bond futures C. buy stock-index futures; D. sell stock-index futures; E. buy margined T-bonds 30. Managed portfolio P has a standard deviation equal to 22% and a beta of .9 when the market portfolio's standard deviation is 26%. The adjusted portfolio P needed to calculate the M2 measure will have what percentage invested in the managed portfolio, with the rest invested in T-bills A. 118.1%; B. 94.6% 96; CB0.796: D.15.4%; E6.696

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