Question: help needed, thank you. QUESTION 7 1.25 points Save Answer A portfolio is worth $284,332 and has a duration of 6.54 years. The futures price

help needed, thank you. QUESTION 7 1.25 points Save Answer A portfoliohelp needed, thank you.

QUESTION 7 1.25 points Save Answer A portfolio is worth $284,332 and has a duration of 6.54 years. The futures price for a June Treasury note futures contract is 124 and each contract is for the delivery of bonds with a face value of 100,000. On the delivery date the duration of the cheapest to deliver bond is 6.9 years. To hedge the interest rate risk, how many June T note futures do you have to enter short positions on

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