9 eBook Saved You are a provider of portfolio insurance and are establishing a 4-year program. The portfolio you manage is worth $132 million, and you hope to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 6% per year. Assume that the portfolio pays no dividends. a-1. How much should be placed in bills? (Enter your answer in millions rounded to 2 decimal places.) T-bills million Print References a-2. How much in equity? (Enter your answer in millions rounded to 2 decimal places.) Portfolio in equity million b-1. What is the delta if the new portfolio falls by 4% on the first day of trading? (Negative value should be indicated by a minus sign. Enter your answer in millions rounded to 4 decimal places.) Delta of the portfolio b-2. Complete the following: (Enter your answer in millions rounded to 4 decimal places.) Assuming the portfolio does fall by 4%, the manager should sell in stock.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.