Solve the given problem
Suppose you want to hedge a $360 million bond portfolio with a duration of 8.3 years using 10-year Treasury note futures with a duration of 6.2 years, a futures price of 103, and 86 days to expiration.
The multiplier on Treasury note futures is $100,000. How many contracts do you buy or sell?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.