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the value of a portfolio is 50 million and the portfolio tracks the s&p 500 index. you wish to hedge 90 percent of the current portfolio value...

the value of a portfolio is 50 million and the portfolio tracks the s&p 500 index. you wish to hedge 90 percent of the current portfolio value with futures the index is 1076.32 (250 per point) and the portfolio has a beta of 1.2. calculate the appropriate number of contracts to realize the hedge

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