4. Stock index futures contracts If Pinnacle Insurance Company wants to fully hedge their $9,500,000 stock portfolio, the S\&P Midcap 400 index is 1,900 , and the value of a contract is 100 times the index's value, Pinnacle Insurance Company would need to sell S\&P Midcap 400 index futures contracts. TOTAL SCORE: 3/4 (to complete this step and unlock the next step)