1. Why has LIBOR played such a central role in international business and financial contracts? Why has this been questioned in recent debates over its value reported? Please try to make it 450 words.
2. Portfolio Weights An investor owns $26,000 of Adobe Systems stock, $29,000 of Dow Chemical, and $39,000 of Office Depot. What are the portfolio weights of each stock? ? Adobe System = 0.31, Dow Chemical = 0.28, Office Depot = 0.41 ? Adobe System = 0.33, Dow Chemical = 0.33, Office Depot = 0.33 ? Adobe System = 0.27, Dow Chemical = 0.33, Office Depot = 0.40 ? Adobe System = 0.28, Dow Chemical = 0.31, Office Depot = 0.41