In april an equity portfolio manager forecasts that there


In April an equity portfolio manager forecasts that there will be a significant decrease in share prices by September. The value of the portfolio is $25 million and in April the September SPI futures are trading at 4800.

1. How many contracts are required? (round to the nearest whole number)?

2. Calculate the profit or loss on the futures position if in September the September SPI futures are trading at 4650.?

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Financial Management: In april an equity portfolio manager forecasts that there
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