3.1 The Dow Jones Industrial Average (DJIA) is based on a portfolio of 30 of the largest firms in the US. The current market level of the DJIA is 32,203.70 and the current DJIA divisor is: D=.1519870. Suppose that the prices/share of the 30 firms in the index went up by $350.00, calculate the new value of the index. 3.2 A portfolio manager (PM) decided to time the market. She speculates that the DJIA is on it's way up and would like to increase the portfolio Beta from 2.5 to 4.2. using the DJIA futures with Dollar multiplier $m=$25. Using the DJIA value given in 3.1, with $m=$25, PM opens this market timing position given that the current portfolio value is $4,735,838.235. Calculate PM profit in the futures market when she quits the futures market 5 months later with the DJIA =36,203.70. 3.1 The Dow Jones Industrial Average (DJIA) is based on a portfolio of 30 of the largest firms in the US. The current market level of the DJIA is 32,203.70 and the current DJIA divisor is: D=.1519870. Suppose that the prices/share of the 30 firms in the index went up by $350.00, calculate the new value of the index. 3.2 A portfolio manager (PM) decided to time the market. She speculates that the DJIA is on it's way up and would like to increase the portfolio Beta from 2.5 to 4.2. using the DJIA futures with Dollar multiplier $m=$25. Using the DJIA value given in 3.1, with $m=$25, PM opens this market timing position given that the current portfolio value is $4,735,838.235. Calculate PM profit in the futures market when she quits the futures market 5 months later with the DJIA =36,203.70