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A trader plans to invest $35 million in an exchange traded fund in six months. The ETF mirrors the performance of S&P 500 index (ETF
A trader plans to invest $35 million in an exchange traded fund in six months. The ETF mirrors the performance of S&P 500 index (ETF Beta=1). The S&P index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should
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