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Suppose you are managing an equity portfolio with a beta of 2.8 and $99M in assets. S&P 500 index futures (not the e-mini futures) are

Suppose you are managing an equity portfolio with a beta of 2.8 and $99M in assets. S&P 500 index futures (not the e-mini futures) are currently priced at 2102, and the index is also 2102. What position in index futures is necessary to hedge the equity portfolio beta to 0?

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