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A company has a $36 million portfolio with a bela of 12 . The fufures price for a contract on an index is 900 .

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A company has a $36 million portfolio with a bela of 12 . The fufures price for a contract on an index is 900 . Futures contracts on 5250 limes the inder can be traded. What trade is necessary to cover the current position? A. Long 192 contracts B. Short 192 contracts C. Long 96 contracts D. Stiort 96 contracts

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