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4 8 . You're managing a $ 1 0 million stock portfolio with a beta of 1 . 2 , which you decide to hedge

48. You're managing a $10 million stock portfolio with a beta of 1.2, which you decide to hedge by buying index put options with a contract value of $150,000 per contract and a delta of -.40. How many option contracts are required? O A.150 O B.200 O C.300 O D.230

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