1. An owner of a seat of a futures exchange is called a:
A. Position trader.
B. Ember.
C. Futures speculator.
D. Participant.
2. Which of the following comes closest to the beta of a portfolio that has 55% of the total invested in the risk free rate of interest and 45% of the total invested in the market portfolio? Show all work and calculations.
a) 1.00
b) 0.45
c) 0.55
d) 0.50
e) Need more information to answer the question.