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Q3, A company has a $9 million portfolio with a beta of 1.43. The futures price for a contract on an index is 900. Futures

Q3, A company has a $9 million portfolio with a beta of 1.43. The futures price for a contract on an index is 900. Futures contracts on $250 times the index can be traded. What trade is necessary to reduce beta to 0.54?

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