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suppose you manage an $858 million bond portfolio with a duration of 7.32 years. you want to hedge the portfolio with treasury note futures that

suppose you manage an $858 million bond portfolio with a duration of 7.32 years. you want to hedge the portfolio with treasury note futures that have a duration of 7.68 years and a futures price of 114. U.S. treasury note futures contracts are based on a par value of $100,000 and quoted a percentage of par. How many contracts will you need to sell

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