Question: A fund manages a $ 6 . 6 billion equity portfolio with a beta of 0 . 5 5 . If the S&P contract multiplier

A fund manages a $6.6 billion equity portfolio with a beta of 0.55. If the S&P contract multiplier is $50 and the index is currently at 3,000, how many contracts should the fund sell to make its overall position market neutral?

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