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(4 marks) You are given the following information about a portfolio you are to manage. For the long-term you are bullish, but you think the

(4 marks) You are given the following information about a portfolio you are to manage. For the long-term you are bullish, but you think the market may fall over the next month. Portfolio Value 1 million Portfolio's Beta 0.6 Current FTSE100 Value 6,000 Anticipated FTSE100 Value 5,400 How many contracts should you buy or sell to hedge your position? (Contract multiplier of FTSE100 futures is 10) O Sell 20 O Buy 20 O Sell 10 O Buy 10 O None of the above

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