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You are the manager of the Housing Co. On 12 July, you receive notice that the fund will be sold on 30 August. The fund

You are the manager of the Housing Co. On 12 July, you receive notice that the fund will be sold on 30 August. The fund comprises a diversified portfolio of listed Australian shares. It is currently valued at $17 million. You hedged this risk using September SPI 200 futures. On 12 July, the contract price of the September SPI 200 futures contract was 5421. To hedge against possible falls in the value of the portfolio, you would:

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