1. Suppose you manage a stock portfolio worth $100,000,000. The correlation between the monthly returns of your portfolio and the monthly returns on the BIST30 index is 0.90 , and the standard deviation of BIST 30 retums is expected to be 1.2 times that of your portfolioils returns. If each index futures contract is a bet on a notional principle of t500,000, what futures position should you take to eliminate all of the market risk