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Problem 20-2 (Algo) Required: A fund manages a $3.9 billion equity portfolio with a beta of 0.65. If the S&P contract multiplier is $50 and

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Problem 20-2 (Algo) Required: A fund manages a $3.9 billion equity portfolio with a beta of 0.65. If the S&P contract multiplier is $50 and the Index is currently at 3,000, how many contracts should the fund sell to make its overall position market neutral? Number of contracts

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