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Suppose the June S&P 500 index futures contract settled at 1091.80. You have a $2.730 million stock portfolio with a beta of 1.20. How many

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Suppose the June S\&P 500 index futures contract settled at 1091.80. You have a $2.730 million stock portfolio with a beta of 1.20. How many index futures contracts must you enter into in order to have a 100% hedge? Short 12 contracts Long 10 contracts Long 12 contracts Short 10 contracts

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