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You bought an equity portfolio currently worth $25 million, with a beta 0.8. The equity market index is currently at 2,000. How many futures contracts

You bought an equity portfolio currently worth $25 million, with a beta 0.8. The equity market index is currently at 2,000. How many futures contracts do you need to short to hedge your position, if the contract multiplier is 250?

	a.	40
	b.	16
	c.	20
	d.	10

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