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You own a portfolio consisting of 900 shares of Apple stock and have a short position in the forward market for 600 shares of Apple
You own a portfolio consisting of 900 shares of Apple stock and have a short position in the forward market for 600 shares of Apple stock with a maturity of one year. How many call options should you buy or sell to have a portfolio with no exposure to a change in the price of Apple stock. The one-year delta of the call option is 0.40. (Report your answer, rounded to two decimal places and use a negative sign when shorting)
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