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4You are holding $10 million face value of 30 year zero coupon US Treasury bonds.You want to set up a hedge of these bonds using

4You are holding $10 million face value of 30 year zero coupon US Treasury bonds.You want to set up a hedge of these bonds using the December T-bond futures contract.The fixed income research department has provided the following data:

PriceFace valueDV01

US 30 year zeros21.00$10 million.061

Dec T-bond future110.00$100,000.132

How many futures contracts should you trade?

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