Afunds manager manages a diversified australian share portfolio, but is concerned that stock prices in the market will fall over the next three months. the manager decides to hedge the risk by selling 100 s& p/asx all ordinaries share price index futures contracts at 23.55. three months later, when the manager closes out the position, the contract is trading at 24.10. calculate the profit or loss position of the futures transactions.

a.

$5500 loss

b.

$24 100 profit

c.

$137 500 loss

d.

$550 000 profit

2b2t

explanation:

2b2t

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.