A portfolio is currently worth $10 million and has a beta of 10. The S&P 100 is currently standing at 500 Explain how a pet option on the S&P 100 with a strike of 480 can be used to provide portfolio insurance 14.2 "Once we know how to value options on a stock paying a dividend yield, we know how to value options on stock indices, currencies, and futures" Explain this statement