STOCK TRAK is an almost real-time investment-portfolio simulation program availa

STOCK TRAK is an almost real-time investment-portfolio simulation program available and operated by STOCK TRAK. Suppose that an alum of Columbia University has just donated a $1,000,000 (i.e., each student will have a $1 million pretend cash balance with which to trade online) to the Department of Economics. In addition, congratulations, you have been hired as a portfolio manager to manage this fund. Although, the initial fund is pretend cash, this simulation provides you actual prices of most securities in most public markets in different countries. As manager of the fund, you can buy or short stocks, bonds, options or futures. There will be 5 required trading exercises for the course; each will use up several of your 100 trades. At the end of the term, you are required to write your performance report about the investment activities that you have been engaged Build an equity portfolio of at least 20 stocks (4% of final grade) Short some stocks (2%) Build a bond portfolio (2%) Take multiple positions in futures (2%) Take multiple positions in options (2%) Portfolio performance grade (0 – 3%)