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564 contracts short.

He will hold 564(50)/1.024^(.25) = 28,033.29 shares against it that will grow to 28200 at expiration in 3 months.

Deliver 28,200 shares at expiration, receive RFR during the time.



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 03:04PM by Paraguay.

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