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Consider an investor who holds a market portfolio worth 2 millions, the index is 1,000 units and she wants to protect her portfolio against dropping

Consider an investor who holds a market portfolio worth 2 millions, the index is 1,000 units and she wants to protect her portfolio against dropping below $1,800,000in one year. The index dividend yield over one year is 4%. How many put contracts she buys and with what strike price?

(please show the equations you use, and solve step by step, thank you)

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