34. Assume that you manage a $2 million portfolio that pays no dividends, has a beta of 1.3 and an alpha of 2% per month. Also, assume that the risk-free rate is 0.05% (per month) and the S&P 500 is at 1500. If you expect the market to fall within the next 30 days you can hedge your portfolio by S&P 500 futures contracts (the futures contract has a multiplier of $250). A. selling 1 B. selling 7 C. buying 1 D. buying 7 E. selling 11