A company has a 26 million portfolio with a beta of 12 the


A company has a $26 million portfolio with a beta of 1.2. The futures price for a contract on an index is 1900. The size of one futures index contract is $250 times the index. What position (long or short) in futures contracts should the company take? How many units of the futures contracts are required to hedge this position? ???

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Financial Management: A company has a 26 million portfolio with a beta of 12 the
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