Bank As asset portfolio has an average duration of 3.5 years and its liability portfolio has an average duration of 2.5 years. The bank has $500 million in total assets and $400 million in liabilities. ABC Bank is thinking about hedging its risk by using a Treasury bond futures contract whose underlyings duration is 5 years and has a price of $98,760. How many futures contracts will it need to hedge its risk? [Alert: no fraction]

Please show your work and Write your answers with two decimal points