1. Wheat futures are quoted at “475”. if the contract is quoted Im "center per bushel” and each contract is for 5,000 bushels, what is the national value in dollars of one contract?
2. Explain stock market efficiency. If the market is efficient, would you invest in each of the following? Explain.
(i) fundamental funds
(ii) market-cap-weighted funds
(iii) and robo portfolios.