Problem 14-20 Hedging Interest Rate Risk (LO4, CFA2) Suppose you want to hedge a $550 million bond portfolio with a duration of 5 2 years using 10-year Treasury note futures with a duration of 6 7 years, a futures price of 108 and 9 months to expiration The multiplier on Treasury note futures is S100,000. How many contracts do you buy or sell? (Do not round intermediate calculations, Round your answer to the nearest whole number) Number of contracts to soll 3.555 -ooh to sell to buy