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The S&P 5 0 0 futures trade at 1 6 2 0 and one contract is on $ 2 5 0 times the index. The

The S&P 500 futures trade at 1620 and one contract is on $250 times the index. The size of your portfolio is $3,500,000 and the portfolio has a beta of 2. How many futures contracts are needed to hedge?

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