You manage a $1200 million stock portfolio with a beta of 0.8. The price for...

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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 you should O buy 2,000 contracts o sell 1,600 contacts o sell 2,000 contracts O sell 400,000 contracts O buy 1,600 contracts

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