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How to convert given date into month number in excel. But the number should start with July. For example if month in the date provided
How to convert given date into month number in excel. But the number should start with July. For example if month in the date provided is july , it should return 1 as month number, if august 2 .
Please provide screenshot.
For example:
Date | Month number | |
04/11/2022 | 10 | |
07/11/2022 | 1 |
9. Assume the normal PDF is a good model for stock returns. Your firm has created a "fund" (a portfolio of stocks) with an expected annual return of 13% and a standard deviation of 0.18. Risk-free bonds are paying 80 basis points per year. A client wants a portfolio with a 5% Value-at-Risk of -14%. (A) If your client puts all his money in the fund, what is his 5% Value-at Risk? (B) Show how you would construct the portfolio desired by your client using risk-free bonds and the fund created by your company. (C) What is the expected return of your client's portfolio? (D) Interpret what it means to have a portfolio with a 5% Value-at-Risk of -14%. (E) If your client has $50,000, how much should he put in the fund, and how much should he put in risk-free bonds to achieve her objective? (F) If the fund is composed of 20% in stock A and 80% in stock B, what is your client's implicit weight in stock B and stock A?
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