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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

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 (how many contracts should be purchased)?

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