You Are Given the Following Information About a Portfolio You

Multiple Choice

You are given the following information about a portfolio you are to manage. For the long term, you are bullish, but you think the market may fall over the next month. $$\begin{array} { l c } \text { Portfolio Value } & \$ 1 \text { milion } \\\text { Portfolio's Beta } & 0.60 \\\text { Current S\&P500 Value } & 1400 \\\text { Anticipated S\&P500 Value } & 1200 \\\end{array}$$ What is the dollar value of your expected loss?

A) $142,900
B) $16,670
C) $85,700
D) $30,000
E) $64,200