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1. A company has a Rs.30 lacs portfolio with a beta of 1.44. It would like to use futures contract on the BSE Sensex to

1.A company has a Rs.30 lacs portfolio with a beta of 1.44. It would like to use futures contract on the BSE Sensex to hedge its risk. The index is currently standing at 28221 (as on 5-Oct-2018) and each contract is for 10 contracts. How many number of contracts must be bought or sold by the company?

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