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A portfolio has a value P ( E , S ) , so that the value P is a function of E , the price
A portfolio has a value PES so that the value P is a function of E the price of a Euro in Canadian dollars, and S the level of the TSX stock index. Presently the portfolio is worth $ while a Euro is $ Canadian, and the index is S
If the partial derivatives of P have values
P
E
and
P
S
what approximately will the portfolio value be if the price of a Euro goes down by and the stock index goes down by
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