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_. __-- _ ____ _ .__.._ _ __r____.__ __. __ __ EI __.. __ ._ r____r___ __ __ _____. TU. Afunds manager manages a diversied

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_. __-- _ ____ _ .__.._ _ __r____.__ __. __ __ "EI" __.. __ ._ r____r___ __ __ _____. TU. Afunds manager manages a diversied Ahstlnlian shale pm'tfnliu, but is concerned that stock prices in the market will fall over the next three menths. The manager decides to hedge the list-c by selling 10E} SME'ASK AH Ordinaries Share Price Index times contracts at 23.55. Three months tater, when the manager doses mrt the pnsicrn, le connect is nding at 24.11}. Calmlate the pmt at less position at the futures h'ansacljuns. A: $5 500 1055 B: 524 11]] pm: C: 513? SW loss T)' 5255!? Fm nmr

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