E-MINI S\&P 500 FUTURES - QUOTES 6. It is March 2022. Use the data in...

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E-MINI S\&P 500 FUTURES - QUOTES 6. It is March 2022. Use the data in Table 2 to complete this exercise. A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on the S\&P500 with maturity December 2022 to hedge its risk. Each contract is for the delivery of \$50 times the index. What is the hedge that minimizes risk? What should the company do if it wants to reduce the beta of the portfolio to 0.6 ? VENUR

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