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A company has a $75 million portfolio with a beta of 1.5. The futures price for a contract on an index is 3,750 . Futures

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A company has a $75 million portfolio with a beta of 1.5. The futures price for a contract on an index is 3,750 . Futures contracts on $50 times the index can be traded. How many contracts need to be sold to reduce the portfolio beta to 1.0 ? Place your answer in whole numbers to zero decimals. e.g., enter 500 as 500

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