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It is mid-June, 2020, and you are managing a portfolio of Japanese stocks that is benchmarked to the Nikkei 225 Index. You are concerned the

It is mid-June, 2020, and you are managing a portfolio of Japanese stocks that is benchmarked to the Nikkei 225 Index. You are concerned the Japanese stock market is heading for a downward correction and you decide to sell futures contracts on this index. You collect the following information:

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