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Suppose you want to hedge a $260 million bond portfolio with a duration of 8.5 years using 10 -year Treasury note futures with a duration

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Suppose you want to hedge a $260 million bond portfolio with a duration of 8.5 years using 10 -year Treasury note futures with a duration of 6.4 years, a futures price of 102, and 92 days to expiration. The multiplier on Treasury note futures is $100,000. How many contracts do you buy or sell? Note: Do not round intermediate calculations. Round your answer to the nearest whole number

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