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Suppose that Oracle Insurance Company forecasts that stock market prices are going to increase considerably over the next three months and that they want to

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Suppose that Oracle Insurance Company forecasts that stock market prices are going to increase considerably over the next three months and that they want to purchase500E-Mini S\&P 500 index futures contracts that have settlements that are six monthe value of a contract is 50 times the index's value, then Oracle Insurance Company will have invested Suppose after three months, the E-Mini S\&P 500 index is 2,900. If Oracle Insurance Company wants to offset their position, they would futures contracts, resulting in a total of . (Hint: Assume

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