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Your friend manages a portfolio worth SAR 50 million that mirrors the performance of TASI. TASI is currently 10,000. Futures contracts trade on the index

Your friend manages a portfolio worth SAR 50 million that mirrors the performance of TASI. TASI is currently 10,000. Futures contracts trade on the index with one contract being on 250 times the index. If your friend wants to remove the market risk from the portfolio, he should:

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