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Consider the information below. What is the number of contracts needed to hedge a stock index using futures? Beta Stock Portfolio 1.54 Beta Futures Index

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Consider the information below. What is the number of contracts needed to hedge a stock index using futures? Beta Stock Portfolio 1.54 Beta Futures Index 0.99 Stock Portfolio Value Hedged 4,469,587 Futures Contract 68,666 Please state your answer as an integer (i.e. you cannot buy 1.2 contracts, it is either 1 or 2 contracts)

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