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The S&P 500 index is currently at 2,000.You manage a $5 million indexed equity portfolio. The S&P 500 futures contract has a multiplier If you

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The S&P 500 index is currently at 2,000.You manage a $5 million indexed equity portfolio. The S&P 500 futures contract has a multiplier If you are temporarily bearish on the stock market, how many contracts should you sell lo fully eliminate your exposure over the next six months? Number of contracts If T-bills pay 3 0% per six months and the semiannual dividend yield beta 1 0%. What is the parity value of the futures price? (Round your answer to 2 decimal places. Do not round intermediate calculations.)

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