A portfolio has a value P(E, S), 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 $468,000, while a Euro is $1.50 Canadian, and the index is S = 18,000. If the partial derivatives of P have values = 60,000, and = -20, what approximately will the portfolio ӘР as value be if the price of a Euro goes down by 0.03 and the stock index goes down by 622?
A portfolio has a value P(E, S), 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 $468,000, while a Euro is $1.50 Canadian, and the index is S = 18,000. If the partial derivatives of P have values = 60,000, and = -20, what approximately will the portfolio ӘР as value be if the price of a Euro goes down by 0.03 and the stock index goes down by 622?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Problem #9: A portfolio has a value P(E, S), 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 $468,000, while a Euro is $1.50 Canadian,
and the index is S
18,000.
ƏP
%D
If the partial derivatives of P have values
60,000, and
as
-20, what approximately will the portfolio
value be if the price of a Euro goes down by 0.03 and the stock index goes down by 622?
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