Question: Problem 2 0 - 2 ( Algo ) Required: A fund manages a $ 5 . 7 billion equity portfolio with a beta of 0

Problem 20-2(Algo)
Required:
A fund manages a $5.7 billion equity portfolio with a beta of 0.70. 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?
Number of contracts
Problem 20-2(Algo) Required: A fund manages a $5.7 billion equity portfolio

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