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You manage a $1200 million stock portfolio with a beta of 0.8. The price for the 3 month SP 500 index futures is 2400 .

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You manage a $1200 million stock portfolio with a beta of 0.8. The price for the 3 month SP 500 index futures is 2400 . To hedge your portfolio against market decline (a) what should you do using SP 500 index futures? (b) Calculate the number of contracts

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