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The manager of a blue chip growth stock mutual fund is trying to fully hedge the $250 million portfolio position for fear of market turmoil.

The manager of a blue chip growth stock mutual fund is trying to fully hedge the $250 million portfolio position for fear of market turmoil. The current price of the S&P 500 Index futures contract is 2300. If the mutual fund has a beta of 1.35, how many contracts will be needed to hedge the fund? 435 587 108,696 146,739

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