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A portfolio manager with an existing $100 million long position in stocks wants to temporarily reallocate the portfolio to cash. The portfolio is highly correlated

A portfolio manager with an existing $100 million long position in stocks wants to temporarily reallocate the portfolio to cash. The portfolio is highly correlated with the S&P 500 Index. S&P 500 Index futures are trading at 2000 and have a multiplier of 250. Calculate the trade necessary for the manager to achieve his objective

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