• What problems would confront a mutual fund trying to create an index fund tied to an equally weighted index of a broad stock market?
• What would happen to the divisor of the Dow Jones Industrial Average if FedEx, with a current price of around $95 per share, replaced AT&T (with a current value of about $31 per share)?
• A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%. What is the price of the bill? What is its bond equivalent yield?