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Financial Risk Manager Part 1

Financial Risk Manager Part 1

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The current value of the S&P 500 index futures is 1457, and each S&P futures contract is for delivery of 250 times the index. A long-only equity portfolio with market value of USD 300,100,000 has beta of 1.1. To reduce the portfolio beta to 0.75, how many S&P futures contract should you sell?

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