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A company has a $ 3 6 million portfolio with a beta of 1 . 2 . The futures price for a contract on an

A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on an index is 900. Futures contracts on $250 times the index can be traded. What trade is necessary to increase beta to 1.8?2pts. What will be the motivation or market outlook for such a trade? 2 pts. Show all work and clearly explain your answer.
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