Portfolio manager in charge of portfolio worth

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A portfolio manager in charge of a portfolio worth $50 million is concerned that the market might decline rapidly during the next six months and would like to use options on the S&P 100 to provide protection against the portfolio falling below$45 million. The S&P 100 index is currently standing at 3000 and each contract is on 100 times the index.

Reference no: EM13951564

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