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To change its beta to 0.40, what is the optimal number of stock index futures to hold if the portfolio is worth $2,400,000, the beta

To change its beta to 0.40, what is the optimal number of stock index futures to hold if the portfolio is worth $2,400,000, the beta is 1.25 and the S&P 500 futures price is 460 with a multiplier of 500

9 short

9 long

13 short

13 long

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