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Suppose you want to hedge a $540 million bond portfolio with a duration of 8.6 years using 10-year Treasury note futures with a duration of

Suppose you want to hedge a $540 million bond portfolio with a duration of 8.6 years using 10-year Treasury note futures with a duration of 6.5 years, a futures price of 105, and 95 days to expiration. The multiplier on Treasury note futures is $100,000. How many contracts do you buy or sell

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