Consider a long position of 18 index futures that have 7 months to expiry and a contract size of 100 index units. The stocks in the index have an average dividend yield of 1.2% and the current 7-month interest rate is 1.6%. What is the delta of this position with respect to the index? Note: Your answer must be accurate to within 0.1. Your Answer: Answer Question 6 (2 points) Consider a portfolio that has a delta of 265 with respect to some asset. If the asset changed in price by 1.5% from an initial price of $40, what is the resultant change in the value of this portfolio? Note: Your answer must be accurate to within one cent. Your Answer: Answer Consider a portfolio that is long 20 index options that have a delta of 0.65, gamma of 0.014, vega of 0.072, and contract size of 100 index units and short 13 index options that have a delta of 0.35, gamma of 0.010, vega of 0.026, and contract size of 100 index units. What is the delta of this portfolio with respect to the index? Note: Your answer must be accurate to within 0.1. Your Answer: Answer Question 8 (2 points) Consider a portfolio that has a delta of 1,000, gamma of 70 , and vega of 670 with respect to some asset. On a day when the asset has a dollar return of $5 and the implied volatility increases by 0.009, that is the resultant change in the value of this portfolio? Note: Your answer must be accurate to within ten cents. Your