Suppose the investor has chosen portfolio A in Q2 above, but the investor is still worried about the losses that the portfolio may suffer from an upward shift in the term structure of interest rates. (a) Consider duration hedging using 1-year zero coupon bonds. Find the dollar position. (b) Consider duration+convexity hedging using both 1-year and 5-year zero coupon bonds. Find the dollar position on each bond.

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?