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You own a portfolio with a value of $95 million and your portfolio's beta is 0.9. you observe an unusual volatility in the market and

You own a portfolio with a value of $95 million and your portfolio's beta is 0.9. you observe an unusual volatility in the market and want to hedge for a short period of time. you hedge with S&P 500 index futures. current value of the S&P index futures is 1,514. what is your hedge trade, h* and n*? what is your hedged profit, your net gain/loss, if the market drops by 5%? what is your net gain/loss if the market rises by 5%?

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