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answer asap thanks thumbs up if correct You manage a $1 million investment portfolio with a beta of 1.5. You wish to hedge the portfolio

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You manage a $1 million investment portfolio with a beta of 1.5. You wish to hedge the portfolio over the next 30-days using S&P500 future expiring on March-2017. The future sells for 2.190, the risk free rate is 1.65% per annum and the expected dividend yield of the S&P500 is 2% per annum (both compounded continuously). If each future contract is for $50 times the S&P500 index value, how should you hedge your portfolio? Buy 9 future contracts Sell 9 future contracts Buy 14 future contracts Sell 14 future contracts

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