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9. A company has a $11 million portfolio with a beta of 1.5. Futures contracts on $250 times the S&P 500 index can be traded.
9. A company has a $11 million portfolio with a beta of 1.5. Futures contracts on $250 times the S&P 500 index can be traded. The S&P 500 index future price is currently trading at $1100. What trade is necessary to reduce beta to 1.0? * (1 Point) Short 45 contracts Long 45 contracts Short 30 contracts Long 30 contracts
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
