$g=1.4\%$

NO HEDGE

$E\left[V{P}_0\right]$

$CVa{R}_{VP}\left(\alpha \right)$

Allocation A

−92,000

−1,102,900

Allocation B

−325,260

−1,810,400

STATIC HEDGING

Allocation A

248,360

180,280

Allocation B

245,900

136,170

$g=1.5\%$

NO HEDGE

Allocation A

−117,420

−1,143,000

Allocation B

−359,750

−1,885,300

STATIC HEDGING

Allocation A

244,540

177,300

Allocation B

235,060

125,910

$g=2\%$

NO HEDGE

Allocation A

−268,510

−1,426,700

Allocation B

−516,010

−2,129,600

STATIC HEDGING

Allocation A

219,270

152,010

Allocation B

183,300

71,280