Cleared —Fwd futures strategies

EoC #8, how to create a synthetic cash position out of equity.

the answer is using the beta formula. Inside the curriculum of this particular section of synthetic cash position, page 237-238, we need to work out number of futures and round it up.

the two different ways of calculation yield different answers.

anyone can explain it please?

thank you in advance!

Here is your answer:

Thanks very much!