25 The S&P 500 Index is currently at 1,700. You manage a $17 million indexed equity portfolio. The S&P 500 futures contract has a multiplier of $50. 1.15 a. If you are temporarily bearish on the stock market, how many contracts should you sell to fully eliminate your exposure over the points next six months? Number of contracts ook References b. If T-bills pay 3.0% per six months and the semiannual dividend yield is 1.6%, what is the parity value of the futures price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Parity value 25 The S&P 500 Index is currently at 1,700. You manage a $17 million indexed equity portfolio. The S&P 500 futures contract has a multiplier of $50. 1.15 a. If you are temporarily bearish on the stock market, how many contracts should you sell to fully eliminate your exposure over the points next six months? Number of contracts ook References b. If T-bills pay 3.0% per six months and the semiannual dividend yield is 1.6%, what is the parity value of the futures price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Parity value