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You hold a well diversified parcel of shares and wish to sell the portfolio in exactly 6 months time. To protect the value of your

You hold a well diversified parcel of shares and wish to sell the portfolio in exactly 6 months time. To protect the value of your portfolio you decide to sell SFE SPI 200 Equity Index Futures contracts. Given the futures price formula below and the data in the box on the right, calculate the futures price. Give your answers in dollars and cents to the nearest cent.

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