20) Consider an MBS portfolio with a value of $12.5 million and an effective modified duration of 3.75 years. The investor wishes to hedge this portfolio against interest rate risk using a two-year forward contract on the 10-year treasury bond that has a modified duration of 7.69 years and a forward price of 104-00. If the investor wants to completely eliminate risk, what positions should she take in the forward contract. 20) Consider an MBS portfolio with a value of $12.5 million and an effective modified duration of 3.75 years. The investor wishes to hedge this portfolio against interest rate risk using a two-year forward contract on the 10-year treasury bond that has a modified duration of 7.69 years and a forward price of 104-00. If the investor wants to completely eliminate risk, what positions should she take in the forward contract