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1.It is mid-June, 2020, and you are managing a portfolio of Japanese stocks that is benchmarked to the Nikkei 225 Index.Youare concerned the Japanese stock

1.It is mid-June, 2020, and you are managing a portfolio of Japanese stocks that is benchmarked to the Nikkei 225 Index.Youare concerned the Japanese stock market is heading for a downward correction and you decide to sell futures contracts on this index.Youcollect the followinginformation:

Nikkei 225 Index (latest quote): JPY 22,516

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