Solutions to Chapter 1

10. In 2007, the Dow was substantially more than four times its 1990 level. Therefore, in 2007, a 40-point movement was far less significant in percentage terms than it was in 1990. We would expect to see more 40-point days in 2007 even if market risk as measured by percentage returns is no higher than it was in 1990. 11. Investors would not ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.